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End of Feudalism, the Growth of Trade and the Commercial Revolution

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Presentation on theme: "End of Feudalism, the Growth of Trade and the Commercial Revolution"— Presentation transcript:

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

2 Impact of the Crusades Exploration  cultural interactions
Interaction with world Four S’s Exploration  cultural interactions More trade routes Growth of towns Concentrated in urban centers

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

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

5 Who is going to control the trade routes into Europe?
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?

6 Italian City-States - Venice, Florence, Naples - Silk Road trading hubs - Located on Mediterranean Sea - Developed urban centers Who would be the wealthiest and most powerful citizenry?

7 Portuguese and Spanish Spice Trade
Leads to Age of Exploration Attempt to break Venice’s monopoly on spices Monarchs invest $$ for exploration Spanish and Portuguese compete for global monopolies

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

9 Early exploration of new trade routes

10 The Commercial Revolution’s Effects

11 Commercial Revolution
Changes in business and trade practices in Europe Overseas trade Banking Changing social structure Rise of the middle class

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

13 Growth of towns and the middle class
Urbanization Three field system = more food Population boom Dirty, unplanned cities How do you go to the bathroom? Towns offered economic opportunities What would this lead to? “Town air makes you free”

14 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

15 What is the downside to capitalism?
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?

16

17

18 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?

19 What’s the point of these cartoons?

20 Social Changes Plague… Merchants & Bankers rise in status
Why? Larger middle class More stable economies No more serfs/knights Increase in social mobility

21 STOCKS* *CLICK ME

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