• Home /Exam Details (QP Included)>Main Exam>Optional Subject-Medical Group>History|Exam Details (QP Included)>Main Exam>Optional Subject-Humanities Group / W.B.C.S. Examination Notes On – Trade Revolution – History Notes.
  • W.B.C.S. Examination Notes On – Trade Revolution – History Notes.

    The new importance of northwestern Europe in terms of overall population and concentration of large cities reflects in part the “Atlantic revolution,” the redirection of trade routes brought about by the great geographic discoveries.Continue Reading W.B.C.S. Examination Notes On – Trade Revolution – History Notes.

    The Atlantic revolution, however, did not so much replace the old lines of medieval commerce as build upon them. In the Middle Ages, Italian ports—Venice and Genoa in particular—dominated trade with the Middle East and supplied Europe with Eastern wares and spices. In the north, German cities, organized into a loose federation known as the Hanseatic League, similarly dominated Baltic trade.

    When the Portuguese in 1498 opened direct maritime links with India, Venice faced the competition of the Atlantic ports, first Lisbon and Antwerp. Nonetheless, Venice effectively responded to the new competition and attained in the 16th century its apogee of commercial importance; in most of its surviving monuments, this beautiful city still reflects its 16th-century prosperity. Genoa was not well placed to take advantage of the Atlantic discoveries, but Genoese bankers played a central role in the finances of Spain’s overseas empire and in its military ventures in Europe. Italians did not quickly relinquish the prominence as merchants and bankers that had distinguished them in the Middle Ages.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

     2019 2019 2019