The European Economy The European Economy GrowsGrows

►BLACK DEATH- The bubonic

plague was a deadly disease that killed 30 million people.

This was 1/3 of the European population

The European Economy The European Economy GrowsGrows

►Recovery comes in the form of the COMMERCIAL REVOLUTION A period of great change in the European

economy. Merchants become more aggressive to

turn profits Trading centers/cities become rich from

rare goods coming from other lands.

The European Economy The European Economy GrowsGrows

►““Money can do much; it should be held Money can do much; it should be held in high esteem. It turns a tramp into a in high esteem. It turns a tramp into a respected and honorable man…The respected and honorable man…The more money a man has, the more more money a man has, the more worthy he becomes, while the man worthy he becomes, while the man who is penniless cannot call himself who is penniless cannot call himself his own master…Money makes hard his own master…Money makes hard things easy.”things easy.”

The European Economy The European Economy GrowsGrows

►JOINT STOCK COMPANIES A group of people investing money in a

business and share in the profits and losses.

The RenaissanceThe Renaissance► New wealth brings about support for education New wealth brings about support for education

and the arts. Period known as and the arts. Period known as THE RENAISSANCE

► LEONARDO DE VINCI Develops

hundreds of ideas for future machines

MONA LISA

The RenaissanceThe Renaissance► JOHANNES GUTENBERG-

Invents moveable type for printing presses. Millions of books are printed.

The RenaissanceThe Renaissance► Technological Technological

advances lead to the advances lead to the magnetic compass magnetic compass and the and the ASTROLABE.. This tool allowed This tool allowed

navigators to chart a navigators to chart a ship’s location on a ship’s location on a map using the position map using the position of the stars.of the stars.

► People begin to feel People begin to feel that humans could do that humans could do anything and were anything and were superior to all superior to all creatures.creatures.

Trade with Africa and AsiaTrade with Africa and Asia► Wealth for the Commercial Revolution comes from tradeWealth for the Commercial Revolution comes from trade

► These came from AfricaThese came from Africa

► These came from AsiaThese came from AsiaGOLD IVORY SALT SLAVES

SILKSSPICES

Trade with Africa and AsiaTrade with Africa and Asia►Most goods arrived in Europe by long Most goods arrived in Europe by long

overland routes. This was dangerous, overland routes. This was dangerous, but the profit was worth it. Prices were but the profit was worth it. Prices were very high at the end of the routevery high at the end of the route

►Countries and companies look for new Countries and companies look for new routes in order to get the goods that routes in order to get the goods that they want.they want.

Trade with Africa and AsiaTrade with Africa and Asia►Marco PoloMarco Polo

Travels to Asia and Travels to Asia and writes of his writes of his adventuresadventures

His stories inspire His stories inspire others to exploreothers to explore

Some people want to Some people want to explore in order to explore in order to spread Christianity.spread Christianity.

The Portuguese Explore The Portuguese Explore AfricaAfrica

► PRINCE HENRY “THE NAVIGATOR”- Improves the compass

and teaches young sailors important sailing skills

Developed the CARAVEL

►Small ship built to move quickly and handle well

The Portuguese Explore The Portuguese Explore AfricaAfrica► BARTOLOMEU DIAS-

Leads exploration along the coast of Africa

Ship goes around the Cape of Good Hope, or the tip of Africa

Portuguese set up trading posts along the African coast

Many Africans become slaves