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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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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 revolution1

Commercial Revolution

  • Change from this….

  • To

  • This…………


Commercial revolution

HOW?

Which produces more?

  • Changes in Agriculture

  • Irons plows

  • harness for horses


Changes in agriculture

Changes in Agriculture

3) Crop rotation

4) clearing and draining land

5) Three field system


Which leads to

Which leads to……

  • greater agricultural productivity

  • Which leads to…..

    POPULATION GROWTH!


Commercial revolution

  • Which leads to….

    • Increase in trade

    • Increase in demand of goods

    • New businesses


Business changes

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


Social changes

Social Changes

  • Feudalism Ends

    • Serfs leave manor

    • Middle class forms

      • Merchants, traders, artists

        • Guilds (created to protect trade interest)

          • Apprentice

          • Journeyman


Guilds

Guilds


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