2. ECONOMY, TRADE, AND EXPLORATION DURING THE RENAISSANCE Gracie Leslie, Riley Motter, and Luz Ramirez

3. DEFINITIONS  Economics: The wealth and resources of a country or region.  Trade: The action of buying and selling goods and services.  Exploration: The action of traveling in or through an unfamiliar area in order to learn about it.

4. SOCIAL AND ECONOMIC CHANGES DURING THE RENAISSANCE  Cities grew and prospered during the Renaissance and rulers learned to tax the people.  The contact between cultures was in some part due to the Crusades during the 11th century.  Commerce and trade soon moved inland along the major routes of trade.

5. ECONOMIC POWER  Italy’s economic power was challenged during the 14th century as other country rulers began consolidating their power.  The rulers of England, France and Spain put policies in place that were favorable to their own middle class tradesman

6. WEALTHY  Florence became a wealthy city in of its inland location away from the major trade routes.  Family fortunes were made in Florence in banking and industry.  Florence became the banking center of Italy during the 14th century.  During the 15th century, the Medici bank began opening branches in major cities in Europe.

7. THE MEDICI BANK  In addition to loaning money, they operated mines, mills and other commercial activities.  The Medici bank, owned by Cosimo de Medici accumulated huge profits and used those profits to finance cultural activities.

8. THE BEGINNING OF TRADE  Navigation was an imprecise science.  Sailors were able to go farther than they have before.  The Renaissance continued to improve.  Increasing demands for imported goods.  Finding new places to exports local products.

9. RENAISSANCE TRADE ROUTES  The wealth of the East trickled into Western Europe mainly by overland routes.  Western European merchants could find different sea routes.  The Italian port cities were satisfied with their monopoly.

10. ORIGINS OF THE RENAISSANCE  European trade with Asia increased during the 1300s.  Italian merchants organized much of thus trade.  Trade cities in Italy grew wealthy.

11. CITY- STATE DURING THE RENAISSANCE Italy  The Renaissance began in the northern and central Italy.  Italian city-states conducted their own trade.  By collecting their own taxes.  And by making their own laws.

12. MAP OF TRADE ROUTES

13. TRADE ITEMS Tools and Materials Pots and Pans Grains and Wheat Iron weapons Beans and grains

14. THE AGE OF EXPLORATION  The Renaissance was a period of learning and cultural development in Europe during the 14-17 centuries.  It started in Florence, Italy, then spread all over Europe.  Some decided to sail the ocean to explore the world.

15. TOOLS  Astrolabe  Magnetic Compass  Maps  Cross Staff  Quadrant  Sextant

16. EXPLORES  Marco Polo  Ferdinand Magellan  Francisoo Pizaro  Prince Henry

17. EXPLORES  Vassco da Gama  Amerigo Vespucci  Christopher Columbus  Hernan Cortes

18. EARLY LEADERS IN THE NEW WORLD  Early leaders Portugal and Spain

19. WHY EXPLORE  Some men were curious to discover more about the world.  Europeans explored for money.  Others explored for fame or experience adventure.  To discover trading routes.

20. CITES  WWW.learner.org/renaissance WWW.learner.org/renaissance  WWW.thepirateking.com WWW.thepirateking.com  WWW.duckster.com WWW.duckster.com  WWW.theitalianreaissance.weebly.com WWW.theitalianreaissance.weebly.com  WWW.all-about-renaissance-faires-.com WWW.all-about-renaissance-faires-.com

21. THE END