Today is our last day on the Commercial Revolution.
Reflection -Think about all that we have done so far and write a one page paper
on thne topic. Your paper should include background information
on Global Trade Interaction, important concepts such as Capitalism,
business, demand, supply, trade fairs, banking, commerce etc
Due-3/7/08
9 comments:
The commercial revolution first started with the crusades toward the end of european middle ages.the crusades used capitalism which was based on the goverment of trading,also capitalisim depended on demand and supply to determine what goods and services are produced.agriculture was expanding and so was trade and finance this happend because of the population growth.by the 1000s craftmen and artisians were manufacturing goods by hand for close and far away trade.trade was spread from europe to flanders and to italy.most trading took place in towns and the peasants nearby traveld to towns with items to trade such as household items and food were mostly what the peasants would trade.guilds controlled the crafts and trade,basically they ran the whole fair but in medevil towns they controlled wages and prices in their craft.with the medieval world of fairs and guilds there was need for large amounts of money.before anyone could trade their goods they had to buy something from distant places.merchants didnt have much money so they had to borrow cash,they would go to a christian church but christians saw this as a sin so the merchants had to go to the jews of europe so they could lend them money this was the start of the financial revolution.
Veronica Delrio Pd 1
The Commercial Revolution happened in the middle ages. but it helped the dark ages. the info behind the Commercial Revolution was when they sent people to the crusades. they failed so many times. that they went into debt. and every body wasn't learning anything. and they had the bionic plague. this killed 1/3 of the england. so when this happened this revived the cultrue
The commercial revolution started out with the crusades, which was toward the end of European middle ages. The crusades used capitalism. Capitalism was based on the government and trading, and the main factor of capitalism was demand and supply, to determine what goods and services are produced. Also, to determine how many of the product is made. Agriculture was expanding, and so was trade and finance. This happened because of the population growth. By the 1000s craftsmen and artisans were manufacturing goods by hand for close and far away trade. Trade was spread from Europe to Flanders and to Italy. Cultural Diffusion took place. Most trading took place in towns, and the peasants nearby traveled to towns with items to trade, such as household items and food were mostly what the peasants would trade. Guilds controlled the crafts and trade, basically they ran the whole fair, but in medieval towns they controlled wages and prices in their craft. With the medieval world of fairs and guilds there was need for large amounts of money. Before anyone could trade their goods they had to buy something from distant places. Merchants didn’t have much money so they had to borrow cash, they would go to a Christian church, but Christians saw this as a sin so the merchants had to go to the Jews of Europe so they could lend them money this was the start of the financial revolution. They only had few other choices. Banks offered insurance and gave out money loans that charged with interest, this was what Christians were against. Basically everything balanced itself out.
Well, for my name, there was no facts what so ever, so i don't know what to do for my homework. there were no links that had a meaning to my last name. there was a teacher though, that said that it was some sort of Aztec ancient princess' last name, and she was a ruler.
The commercial revolution was mostly about cultural diffusion. capitalism depended on demand an supply, in which the people took control of. the crusades used capitalism to determine what goods and services are produced. trade was spread from Europe to Flanders and to Italy.most trading took place in towns and the peasants nearby traveled to towns with items to trade such as household items and food were mostly what the peasants would trade.guilds controlled the crafts and trade,basically they ran the whole fair but in med evil towns they controlled wages and prices in their craft.
Trading as well as importing and exporting goods was very important to many countries and different areas. Trade emerged, flourished, and grew as a result of the historical period called the Crusades. At the end of the Crusades people stayed in many other countries instead of going back to the manor where they lived and worked the land. These peoplewho didn't go back to the manor later became merchants and allowed trade and cultural diffusion to develop between Asia and Eastern Europe. As a result, Feudalism in Europe eventually collapsed which allowed the new system of capitalism to take place. Capitalism is a system based on
trade and capital which is the money used for investment. Merchants gain money and profits if the demand of a product was high and that is because the prices of the product would go up. However if the demand of a product is low then it's prices would go down therefor the merchants would lose money. Capitalism and trading all led to the Commercial Revolution and the growth of new businesses and organizations in many countries. Important wealthy trading cities were Venice in Italy, Canton
in China, and Cairo in Egypt. These cities were very rich due to trading because of their geography because they were close to the water where they had harbors and ports making it easy for ships to depart and arrive. In order to invest in trading all around the world, merchants joined together and formed partnerships called joint stock companies. During
the Commercial Revolution banking and bankers became more useful and
even more important. When a merchant did not have enough money or the capital for an oversea trading, that merchant would would borrow money from moneylenders also known as bankers. In addition these merchants would have insurance just to make sure that their shipment was insure. If their goods were damaged or lost the merchant would get most of the value of the goods from the insurer. This is how the Commercial Revolution emerged and developed.
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