The Rise of Europe

The Rise of Europe

The Rise of EuropeEnd of Feudalism, the Growth of Trade and the Commercial RevolutionImpact of the Crusades

Interaction with world Four Ss

Exploration cultural interactions

More trade routes

Growth of townsConcentrated in urban centersPax Mongolia

What does stability and peace lead to?

Open trade routes Zheng He and Ibn Battuta What impact would these men have had?

After the Crusades goods, goods, and more goods are showing up from Asia via the Silk Road.Who is going to control the trade routes into Europe?Italian City-States

- Venice, Florence, Naples- Silk Road trading hubs- Located on Mediterranean Sea- Developed urban centersWho would be the wealthiest and most powerful citizenry?Portuguese and SpanishSpice Trade

Leads to Age of Exploration Attempt to break Venices monopoly on spices Monarchs invest $$ for exploration Spanish and Portuguese compete for global monopolies GoalReach the Spice Islands Why? How do we get there?

Early exploration of new trade routes

The Commercial Revolutions EffectsCommercial Revolution

Changes in business and trade practices in Europe Overseas tradeBankingChanging social structureRise of the middle class

The creation of new business practices coincide with the rise of exploration

Growth of towns and the middle class

Urbanization Three field system = more food Population boom Dirty, unplanned citiesHow do you go to the bathroom? Towns offered economic opportunitiesWhat would this lead to?Town air makes you free

Guilds

A group of people with the same occupationLike a union Controlled wages, prices, and quality of goods in field Only masters could join guildApprentice journeyman master Other examples Silversmiths, goldsmiths, tailors, winemakers, druggists, glassmakers, wheelwrightsRise of Capitalism

Economic system Based on private ownership and investment of wealthFor profit Governments no longer sole owners of wealthRise of theMerchants People invest $ in trade, companies, businesses

What is the downside to capitalism?

New Business Practices

Joint Stock CompanyPeople pool $$ for common purpose ($$$)Like a modern day companyYou own stocks, or shares, of a companyHow do you gain or lose money?

Whats the point of these cartoons?

Social Changes

Plague Merchants & Bankers rise in statusWhy? Larger middle class More stable economies No more serfs/knights Why? Increase in social mobility

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