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Commercial Revolution Causes

Definition

The Commercial Revolution was a period of European economic expansion during the late Middle Ages through the 18th century. Its causes include technological advancements, exploration, colonization, population growth etc.

Analogy

Imagine you've been playing a video game on easy mode but suddenly decide to switch it up to hard mode. You'll need better equipment (technology), new strategies (exploration), more team members (population growth), etc., all leading you towards success - much like how these factors led to the Commercial Revolution.

Related terms

Mercantilism: An economic theory prevalent during this period which advocated for nations accumulating wealth by exporting more than they import – kind of like trying to win at Monopoly by owning more properties than everyone else.

Colonialism: The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically. It's like claiming the best spots at a picnic - you get all the benefits while others are left out.

Guilds: These were associations of artisans or merchants who controlled the practice of their craft in a particular town. Think of them as exclusive clubs where only certain people can join and everyone else is kept out.