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Commercial Revolution

Commercial Revolution. Aim/Goals : Why did geography influence the development of major trading centers? Do Now : NYC is a major trading center. Using the world map, discuss in a few sentences what advantages does NYC have for trading?

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Commercial Revolution

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  1. Commercial Revolution Aim/Goals: Why did geography influence the development of major trading centers? Do Now: NYC is a major trading center. Using the world map, discuss in a few sentences what advantages does NYC have for trading? Homework: You are a merchant between the years 500-1650 AD traveling along the trade routes. In a paragraph, describe the difficulties and dangers you face.

  2. Document #1“A Growing Food Supply” Read “Why did the food supply increase?” Answer the following question: • Give three reasons why the food supply increased. The three reasons why the food supply increased was __________________ _________________________________ _________________________________

  3. 4 Agricultural Revolution New farming technologies iron plow harness windmill three-field system Increase in food production Population explosion Between 1000 and 1300, the population of Europe doubled.

  4. Document #2“The Guilds” Read “What were the guilds?” Answer the following question: 2. What were two kinds of guilds? The two kinds of guilds are _________________________________ _________________________________

  5. Medieval Guilds Guild Hall • Commercial Monopoly: • Controlled membershipapprentice journeyman  master craftsman • Controlled quality of the product [masterpiece]. • Controlled prices

  6. Document #3“The Commercial Revolution” Read “Why did trade and finance increase?” Answer the following question: 3. How did ways of doing business increase? Ways of doing business increased because __________________________________ __________________________________.

  7. 4 A Commercial Revolution The revival of trade led to a revolution in commerce. As trade revived, merchants needed money to buy goods. The reintroduction of money led European merchants to develop new business practices, such as - setting up banks - joining together to set up partnerships - developing insurance - adopting the bill of exchange

  8. Document #4“Why did towns grow larger?” Read “Why did towns grow larger?” Answer the following question: 3. Why did peasants move into towns? Peasants moved into towns because ___________________________

  9. 4 Trade in Medieval Europe, 1000–1300 Europe’s growing population needed goods that were not available to them. As foreign invasions and feudal warfare declined, trade increased. Key Cities: Genoa, Italy Venice, Italy Canton, China Cairo, Egypt

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