The Commercial Revolution is responsible for the creation of private banking, a money economy, trading organizations, and the development of European feudal monarchies into national states. The Commercial Revolution spanned nearly 400 years, from the late 14th century to the middle of the 18th century.Continue Reading
The Commercial Revolution gave birth to the practice of mercantilism, and started the expansion of commercial trade. With the expansion of commerce, there came improvements in navigation and exploration, as European nations looked to increase the size and power of their empires through commerce and conquest.
The English expanded their merchant and naval fleets as they gained control of Spanish and Italian markets, and created new markets in the Indian Ocean and South Asian Sea. The Dutch merchant empire peaked and then declined during the Commercial Revolution. The Dutch East India Company took over Portuguese trading posts across the globe to dominate the Indian Ocean spice trade and then lost dominance to the British a century later.
The effects of the Commercial Revolution led Europe and England into the Industrial Revolution by creating the financial and economic structure that was necessary to accommodate the remarkable growth of industry that defined Western culture during the 19th and 20th centuries.Learn more about Middle Ages
The main accomplishments of Kublai Khan were the reunification of China, creation of a provincial administrative division, inception of a paper currency system, modernization and expansion of trade with the West and the promotion of arts and literature. Kublai Khan was the grandson of the famous Mongol conqueror, Genghis Khan.Full Answer >
The Vikings contributed to the modern English language, the modern taxing system, battle-ready military operations and the creation of currency to trade for goods instead of a bartering system. Some of these contributions were direct while others were a result of the Vikings' many attacks.Full Answer >
The characteristics of the early Middle Ages include a creation of a common Christian perspective, the negative yet energizing interaction between Islam and Christianity, the Byzantium region as a demonstrative space of East and West conflict and a fewer material options when compared to the prior Roman era. The Middle Ages are a period that has not been fully defined by historians, but is generally considered to have occurred between 300 and 1000 A.D.Full Answer >
The Glorious Revolution was a political coup that took place in Great Britain during the mid-17th century; the main cause of this conflict was growing Protestant concern over King James II's strict adherence to his Catholic faith. This conflict is also known as the Revolution of 1688, and it resulted in the solidification of Parliament's power over the monarch and the Catholic King James II being replaced by his daughter, the Protestant Queen Mary, and her husband King William III. Although this was a political conflict that resulted in the deposition of a ruling monarch, it was a relatively peaceful transition in military terms, resulting in little bloodshed.Full Answer >