The Renaissance: -Began in wealthy northern Italian trade centers like Vence and Florence where contract with Byzantine and Muslims empire flourished. Altercates: -Medici family of Florence become wealthy from banking and trade. Lifestyle: -shops and businesses on floors, while there was crewed living above. Classicism: -Renewed interest in Greek and Roman culture and values. -notes the idealized figure and accurate population. Questioning Spirit: -Frenesi Petrarch was a renaissance writer and humanist. -Erasmus wrote “Praise of Folly” which ridiculed the church corrupt. -Cervantes wrote “Don Quixote” Poked fun. What economic theories were put into practice during the age of exploration? Europe Begins Colonizing: -Spain, France, England, the Netherlands, and Portugal began a race to establish colonies in the new world. New Economy Theories: -joint stock companies or shares are sold as ownership. -allowed many people to buy into a company and raise money for expansion. -countries founded colonies using this money. Mercantilism: -countries focused on building up supply of gold and silver. -countries should keep a positive balance of trade. -Balance of trade is the difference between exports and imports. Subsides: -governments began subsidizing new industries. -payments made to support the growth of new industries. Columbian Exchange: -colonies were founded in the new world and they grew crops that couldn’t be grown efficiently in Europe. -Plantations were established.
All history Notes
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