1. Commercial Revolution
World History

2. Transition away from Manor
Manor System:
People used the items they produced
Self sufficient
Little outside trade
Primarily agricultural
Global Trade
People produce goods to sell instead of to use

3. Raw materials from the Americas, India, and the East Indies were imported by Europe
Europe exported finished goods
Global Trade Begins

4. Emergence of Mercantilism
Countries wanted to be strong
The way to get strong was to amass gold and silver
The best way to do this was to form colonies
Colonies only allowed to trade with the motherland
Competition over Colonies led to many wars

5. Emergence of Free Enterprise
It got expensive to start a business (or a war)
i.e. buy a boat or build a factory
Insurance companies created to protect against huge losses like a sunk ship
New ways to raise money were created
Joint Stock Companies
Bonds
Banks

6. Results of the Commercial Revolution
Europeans had access to goods from all over the world
This led to higher standards of living for many Europeans
The increased standard of living came with increased education, access to music, theatre, and books.
Results of the Commercial Revolution

7. Assignment
The Commercial Revolution was a collective effort of millions of entrepreneurs creating their own businesses.
For those businesses to succeed they needed to get funding to pay for land, employees, and equipment.
This funding usually came from banks or stock investors.
One of the newest ways to get funding is to do a kick-starter or crowd-sourced funding.
Your assignment is to create a kick-starter proposal.
Your proposal can be on paper or a presentation.
You must have the following in your kick-starter:
The service or good your company provides/produces
What group of people will buy it? (make sure they are willing AND able)
Why an investor should give you money