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Economic Recovery Sparks Change

Economic Recovery Sparks Change

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Economic Recovery Sparks Change

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  1. Economic Recovery Sparks Change By Michael Craig and Jacob Kornfeld

  2. An Agricultural Revolution • Technology Improves Farming • In the countryside • Made harvesting more productive • Upgraded from wood to iron plows • Iron plowsallowed to go deeper in soil • Horses now pulled the plows

  3. An Agricultural Revolution • Production and Population Grow • Lords Wanted More Money • Peasants to do jobs • Created caring for crops: The Three Field System • 2/3rds be planted instead ½ the land • Population tripled after this

  4. The Revival of Trade and Travel • Trade

  5. The Revival of Trade and Travel • Travel

  6. A Commercial Revolution • The Beginnings of Modern Business • Partnerships • Formed between merchants • Joined together for a great scheme no 1 person could do • Reduced one person lose risk • Insurance • Created by merchants • Applied to shipped goods • Money • Credit cards usage started

  7. A Commercial Revolution • Society Begins to Change