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Commercial Revolution

Commercial Revolution. Commerce = Trade Revolution = Change Therefore, Commercial Revolution is a change in trade…or.. Change in economics and the way business is done. Commercial Revolution. Change from this…. To This…………. HOW?. Which produces more?. Changes in Agriculture

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Commercial Revolution

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  1. Commercial Revolution • Commerce = Trade • Revolution = Change • Therefore, Commercial Revolution is a change in trade…or.. Change in economics and the way business is done

  2. Commercial Revolution • Change from this…. • To • This…………

  3. HOW? Which produces more? • Changes in Agriculture • Irons plows • harness for horses

  4. Changes in Agriculture 3) Crop rotation 4) clearing and draining land 5) Three field system

  5. Which leads to…… • greater agricultural productivity • Which leads to….. POPULATION GROWTH!

  6. Which leads to…. • Increase in trade • Increase in demand of goods • New businesses

  7. Business Changes • Growth of towns  charters • New methods of doing business: • Need for capital or money (investments) • Partnerships • Tenant farmers (hired laborers) • Bills of exchange • insurance

  8. Social Changes • Feudalism Ends • Serfs leave manor • Middle class forms • Merchants, traders, artists • Guilds (created to protect trade interest) • Apprentice • Journeyman

  9. Guilds

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