The Commercial Revolution
Terms in this set (14)
The rise of the _____________ middle class occurred during the Commercial Revolution
An economic practice adopted by European colonial powers to supply the homeland with valuable resources from colonies
Lands that are controlled by another nation and supply the mother land with valuable resources
This was characterized by an increase in worldwide trade and production
A company made up of a group of shareholders. Each shareholder contributes some money to the company and receives some share of the company's profits and debts.
Ruled Florence during the Renaissance, became wealthy from banking, spent a lot of money on art, controlled Florence for about 3 centuries
German family that was significant in patronizing art of the Northern Renaissance. Their fortune was the result of international banking.
New Business Models
•Speeding flow of wealth
•Reducing business risk with insurance
Government Chartered Banks purpose
Issuing bank notes and checks, exchanging foreign currency
British East India Company
A joint stock company that controlled most of India during the period of imperialism. This company controlled the political, social, and economic life in India for more than 200 years.
Joint-Stock Company in London that received a charter for land in the new world. Charter guarantees new colonists same rights as people back in England.
Dutch East India Company
Government-chartered joint-stock company that controlled the spice trade in the East Indies.
French East India Company
Govt granted monop. to this joint-stock company to boost its activities in East Indies. All part of Colbert's mercantilist policy of France..
New centers of trade
Portugal, Spain, England, the Netherlands
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