The Commercial Revolution

Commercial Revolution

Money became the most desirable commodity in Europe instead of land

Money Economy

Economy in which goods and services and wages for work are paid with money

Double-Entry Bookkeeping

Debits and Credits were kept track of in Banks like in Amsterdam or Genoa because of all the money flowing in and out

Dutch East India Company

Joint Stock Company which oversaw trade ventures in the Indian Ocean

Price Revolution

Spanish Phenomenon in which prices steadily rise for about a century and a half due to the influx of Silver in America and Inflation, which rippled across Europe

Crop Rotation

Practice where crops were rotated across fields to keep the soil from getting depleted

Open-Field System

Practice where one field wouldn't get planted each year and rotated to keep the soil from getting depleted

Enclosure Movements

English Investors and landowners could buy public land where Peasants Farmed to try and increase yield

Nobles of the Robe

French nobles who bought their positions with new money

Urban Migration

Many peasants looked to the cities for work, since there were less jobs in the fields