commercial revolution
DESCRIPTION
Discussion of the qualitative and quantitative changes in the European institutions that led to the commercial revolutionTRANSCRIPT
![Page 1: Commercial Revolution](https://reader033.vdocuments.mx/reader033/viewer/2022051619/5451502faf795982318b6bab/html5/thumbnails/1.jpg)
Commercial RevolutionThe Growth of Trade (1450 – 1750)
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A Look At the Changing
Institutions of European Trade
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Improvements in Transportation
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Rise of the Merchant Class
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Urbanization
•Interdependent
•Trade and cities intertwined
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Changing Legal Structure
•Laws equate to predictable action
•Reduces risk of trade and investment.
•Important for Capitalism
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Bills of Exchange
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Insurance
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Taxation Over Confiscation
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Economics Association without
Kinship
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Double Entry
Bookkeeping
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Moral System Suitable for Commerce
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Mercantilist Partnership
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Europe’s Political Division