Rise of Commercial networks and financial systems (c.1300-1500) (jan 1, 1300 – jan 1, 1500)

Description:

- Growth of urban merchant elites and powerful trading families (e.g., the Medici).
- Expansion of credit, banking, and use of bills of exchange to facilitate trade.
- Emergence of international trade alliances
- Increased demand for luxury goods spurred long-distance trade with Asia and Africa.
- Early forms of capital investment and commercial partnerships appeared.
- Set the stage for the Commercial Revolution and global trade in the Renaissance.

Added to timeline:

Date: