Commercial Revolution

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Information about Commercial Revolution

Published on October 29, 2007

Author: Paroune

Source: slideshare.net

Description

Discussion of the qualitative and quantitative changes in the European institutions that led to the commercial revolution

Commercial Revolution The Growth of Trade (1450 – 1750)

A Look At the Changing Institutions of European Trade

Improvements in Transportation

Rise of the Merchant Class

Urbanization Interdependent Trade and cities intertwined

Interdependent

Trade and cities intertwined

Changing Legal Structure Laws equate to predictable action Reduces risk of trade and investment. Important for Capitalism

Laws equate to predictable action

Reduces risk of trade and investment.

Important for Capitalism

Bills of Exchange

Insurance

Taxation Over Confiscation

Economics Association without Kinship

Double Entry Bookkeeping

Moral System Suitable for Commerce

Mercantilist Partnership

Europe’s Political Division

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