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THE RENAISSANCE

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Author Topic: THE RENAISSANCE  (Read 2852 times)
Bianca
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« Reply #30 on: November 02, 2008, 02:55:51 pm »




             








As a wider variety of global luxury commodities entered the European markets by sea, previous
European markets for luxury goods stagnated.

The Atlantic trade largely supplanted pre-existing Italian and German trading powers which had relied
on their Baltic, Russian and Islamic trade links.

The new commodities also caused social change, as sugar, spices, silks and chinawares entered the luxury markets of Europe. Additionally, the increase in wealth experienced by Spain coincided with a major inflationary cycle, both within Spain and within Europe generally.

Within a few decades American mines were outproducing European mines. The increase in prices as a result of currency circulation fueled the growth of the commercial middle class in Europe, which would come to influence the politics and culture of many countries.



FROM

wikipedia.com
« Last Edit: November 02, 2008, 03:16:00 pm by Bianca » Report Spam   Logged

Your mind understands what you have been taught; your heart what is true.
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