The ‘Serene Republic’ and its fleet of trading ships allowed Italian states to export their wares and products. After expelling the Spanish 78 years later, the city's economy and population both grew rapidly. During the Renaissance merchants made use of their knowledge of international markets and trade goods to expand their operations. Overseas exploration contributed to the rapid development of Spanish and Portuguese trade in the 1500s. The city after the Crusades and the capture of Byzantium was the major commercial power in the region. Market economic reforms that are externally formulated and dictated have produced new social, economic, political, and cultural crises that can hardly be solved by the conventional neoliberal economic model. Funding from merchants and bankers in the cities of Nürnberg and Augsburg helped mine operators introduce new techniques and increase productivity. Bankers exchanged currency, loaned money, and financed their own business. Under the leadership of Dynastic Arab & Turkish families, Islam (originating in Saudi Arabia) spread from Spain to India by the… Goldthwaite , Richard A. In the 1300s and 1400s Italy dominated European trade and manufacturing. Banks lent entrepreneurs the money to buy materials and equipment, to hire workers, and to pay for transporting goods. Students will research Renaissance trade, trade routes, modes of transportation, and cultural exchanges. Trade Routes and Trading Centers. economic development During Renaissance The Renaissance is an era about which there is much disagreement among historians. During the Renaissance, the European economy grew dramatically, particularly in the area of trade. 26-27) From about 1450, governments forgednew trade routes between countries. In the Middle-Ages and the Renaissance, Venice was a major centre for commerce and trade, as it controlled a vast sea-empire, and became an extremely wealthy European city, a leader in political and economic affairs and a centre for trade and commerce.This all changed by the 17th century, when Venice's trade empire was taken over by other countries such as Portugal, and its naval importance … The changes affected many aspects of European society, forcing people to adapt to different kinds of work and new ways of doing business with others. Trade Goods. Identify and explain two ways in which merchants such as Pires impacted the world trade … Improvements in ship design and better navigational instruments resulted in the expansion of seaborne trade. During the Renaissance, the European economy grew dramatically, particularly in the area of trade. However, Spanish agriculture, which depended on the labor of the Moors*, suffered heavily when the Moors were expelled from the country in 1492. Then in the late 1400s the Portuguese discovered a sea route to Asia by sailing around Africa. They could afford to help make their cities more beautiful. The combination of rising prices and a growth in the number of people needing goods and services encouraged merchants to expand their businesses. Towns along trading routes provided inns and other services for traveling merchants. It's fair to say that Florence's economy in the new Millenium is as strong as ever. Besides dominating the trade, the English Empire was also the first among western nations to begin industrializing. 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