What led to the Commercial Revolution in the 16th century Europe?
From the years 1000 to 1300, Europe’s population nearly doubled. This demographic growth led to urbanization, which in turn led to the Commercial Revolution, as Europe became involved in trading around the world. Europe also developed a more sophisticated monetization system during this period.
What was the Commercial Revolution and why did it happen?
Commercial Revolution, Great increase in commerce in Europe that began in the late Middle Ages. It received stimulus from the voyages of exploration undertaken by England, Spain, and other nations to Africa, Asia, and the New World.
What happened in the Commercial Revolution?
The Commercial Revolution consisted of the creation of a European economy based on trade, which began in the 11th century and lasted until it was succeeded by the Industrial Revolution in the mid-18th century. Beginning with the Crusades, Europeans rediscovered spices, silks, and other commodities rare in Europe.
What caused the 16th century Price Revolution?
From an economic viewpoint the discovery of new silver and gold deposits as well as the productivity increase in the silver mining industry perpetuated the price revolution. When precious metals entered Spain, this influx drove up the Spanish price level and caused a balance of payments deficit.
What is the meaning of the Commercial Revolution?
How did the Commercial Revolution help motivate European explorers during the age of exploration?
How did the Commercial Revolution help motivate European explorers during the Age of Exploration? It increased the demand for resources and luxury goods from China and India. One effect of the Commercial Revolution on Europe was to: motivate explorers to seek new trade routes to Asia.
What happened during the Commercial Revolution?
How did commercial rivalries influence warfare among European states?
Commercial rivalries influenced diplomacy and warfare among European states in the early modern era. European sea powers vied for Atlantic influence throughout the 18th century. Portuguese, Dutch, French, and British rivalries in Asia culminated in British domination in India and Dutch control of the East Indies.
What was an effect of the Commercial Revolution quizlet?
The Commercial Revolution helped bring about the agricultural revolution because the population had grown due to the increase in money, and businesses required more efficient production of raw materials because trade demand had increased.
WHat do you know about commercial revolution?
WHat were the effects of the 16th century Price Revolution?
In the 16th century, prices increased consistently throughout Western Europe, and by the end of the century prices reached levels three to four times higher than at the beginning. The annual inflation rate ranged from 1% to 1.5%.