The Rise of Europe End of Feudalism, the Growth of Trade and the Commercial Revolution.

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Presentation transcript:

The Rise of Europe End of Feudalism, the Growth of Trade and the Commercial Revolution

Impact of the Crusades Interaction with world Soap, Spices, Silk, Salt Exploration  cultural interactions More trade routes Growth of towns Concentrated in urban centers End of Feudalism

Pax Mongolia What does stability and peace lead to? Open trade routes

Zheng He and Ibn Battuta What impact would these gentleman have had?

Big idea 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-State Venice, Florence, Naples Impact of geography Located on Mediterranean Sea Developed urban centers Who would be the wealthiest and most powerful citizenry?

Hanseatic League Alliance of trading states in Northern Europe Created a trading monopoly between the North and Baltic Seas Traded timber, furs, honey, cloth, and wheat

Where is waterborne trade expanding to? What goods are traded?

Hanseatic and Italian City-State trade routes

Portuguese and Spanish Spice Trade Attempt to break Venice’s monopoly on spices Black pepper, cinnamon, cloves Monarchs invest $$ for exploration Spanish and Portuguese compete for global monopolies Leads to Age of Exploration I love spices!

Goal… Reach the Spice Islands – Why? How do we get there?

Early exploration of new trade routes

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

Commercial Revolution Changes in business and trade practices in Europe ◦Overseas trade ◦Banking ◦Changing social structure  Merchants were king – buying & selling of goods

Towns and the Middle Class More trade = more towns/cities Population boooooom Dirty, unplanned cities How do you go to the bathroom? Towns offered economic opportunities What would this lead to? “Town air makes you free”

Guilds A group of people with the same occupation Like a union Controlled wages, prices, and quality of goods in field Only “masters” could join guild Apprentice  journeyman  master Other examples… Silversmiths, goldsmiths, tailors, winemakers, druggists, glassmakers, wheelwrights

Rise of Capitalism Economic system Based on private ownership and investment of wealth For profit Governments no longer sole owners of wealth Rise of the… Merchants… People invest $ in trade, companies, businesses What is the downside to capitalism ?

New Business Practices Joint Stock Company People pool $$ for common purpose ($$$) Like a modern day company You own stocks, or shares, of a company How do you gain or lose money?

What is the point of these cartoons?

Social Changes Merchants & Bankers rise in status Why? No more serfs Why? Stable countries No more knights Why? Increase in social mobility How did the plague impact society and social mobility?

STOCKS* *CLICK ME