Difference between revisions of "Commercial Revolution"

Revision as of 14:49, August 26, 2011

ANON WILL COME SEPTEMBER 2ND, AND THE BOWL WILL BE EMPTIED ON YOU. BE READY. SEPTEMBER 2ND. IT IS COMING.

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-The '''Commercial Revolution''' in [[European]] history was a shift in the quantity and type of commerce that occurred between about A.D. 1450 and 1700, setting the stage for the [[Industrial Revolution]].  Specifically, the Commercial Revolution consisted of the beginning of a money-based economy with private banks and trading organizations.  It was supported by improvements in marine technology (ships) to travel the high seas more quickly and safely.
+ANON WILL COME SEPTEMBER 2ND, AND THE BOWL WILL BE EMPTIED ON YOU. BE READY. SEPTEMBER 2ND. IT IS COMING.
-By the mid-1500s, Europeans had obtained control from Arabs of much of the trade with Asia, whereupon Asian goods flooded the European markets.  Gold and silver then came from the [[New World]], increasing European wealth further.
-The highest volume of shipping moved from [[Mediterranean]] to [[Atlantic]] ports and newly chartered companies were established.  Modern tools of [[capitalism]] such as the "[[promissory note]]" (the basic document for a loan of money) arose.
-[[Category:European History]]