Maritime Trade: Maritime trade refers to commerce conducted through sea routes rather than land. It became increasingly important in world trade during this period due to advancements in navigation technology.
Commercial Revolution: The Commercial Revolution was a period of significant economic expansion in Europe during the late Middle Ages. It involved changes in business practices, banking systems, and commercial laws.
Technological Innovations: Technological innovations such as improved ship designs (like caravels), navigational instruments (like astrolabes), and cartography (like better maps) greatly impacted the evolution of trade routes during this era.