commercial revolution
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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? - PowerPoint PPT PresentationTRANSCRIPT
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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.
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Document #1“A Growing Food Supply”
Read “Why did the food supply increase?” Answer the following question:
1. Give three reasons why the food supply increased.
The three reasons why the food supply increased was __________________
_________________________________
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Agricultural Revolution
New farming technologies
iron plow harness windmill three-field system
Increase in food production
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Population explosion
Between 1000 and 1300, the population of Europe doubled.
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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
_________________________________
_________________________________
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Medieval GuildsMedieval Guilds
Guild Hall
Guild Hall
Commercial Monopoly:
Controlled membership apprentice journeyman master craftsman
Controlled quality of the product [masterpiece].
Controlled prices
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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
__________________________________
__________________________________.
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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
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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 ___________________________
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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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