History of Economic Transition and Expansion

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Questions and Answers

The ______ of America marked a significant turning point in world history, influencing global trade and power dynamics.

Conquests

The ______ was a period of great intellectual and artistic flourishing that transformed European society.

Renaissance

The rise of ______ had a significant impact on the economic structure of Europe, leading to new industries, trade routes, and forms of wealth.

Capitalism

The ______ brought about significant changes in the social and political landscape of Europe, challenging traditional religious authority.

<p>Reformation</p> Signup and view all the answers

The ______ of economic balance from the Mediterranean to the Atlantic was a key development in the 16th century, reflecting the shift in global power dynamics.

<p>Shift</p> Signup and view all the answers

Flashcards

Transition from Feudalism to Capitalism

The process of moving from a society based on land ownership and agriculture (feudalism) to one based on industry, trade, and money (capitalism).

Spread of Humanism in Renaissance

The spread of Humanism, a philosophical movement emphasizing human potential and individual worth.

Emergence of European State System

The rise of powerful independent states in Europe, like Spain, France, England, and Russia, with strong national identities.

Shift of Economic Balance

The shift in global trade from the Mediterranean Sea to the Atlantic Ocean, impacting economic power.

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Commercial Revolution

A period of significant economic growth driven by new trade routes, banking, and expanding markets, fueled by exploration and colonialism.

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Study Notes

Unit I: Transition from Feudalism to Capitalism

  • Problems of transition included economic expansion and industrial production
  • Trade and commerce were key aspects of the transition period
  • Urban development and town life played a significant role

Unit II: Early Colonial Expansion

  • Motivations, voyages, and explorations were important factors
  • The conquests of America were a defining moment
  • Mining, plantations, and the transatlantic slave trade were integral parts of the expansion

Unit III: Renaissance and Reformation

  • Social roots of humanism in Europe were significant
  • Renaissance encompassed art, architecture, sculpture, and literature
  • The Reformation movements had significant origins and spread
  • European states such as Spain, France, England, and Russia greatly influenced the time period

Unit IV: Economic Developments of the Sixteenth Century

  • Economic balance shifted from the Mediterranean to the Atlantic
  • The Commercial Revolution had causes and nature requiring study
  • The growth of industries and its consequences were crucial factors in the period

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