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

Descrição:

- 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.

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