After the major population decrease due to the Black Death, and the increase in knowledge from the Nine Crusades, new developments were made. Economic and political changed the city and made them prosper. these also made cultural achievements. The Mediterranean routes improved trade and manufacturing. Many goods were exported and also imported. Many new systems have been made. Such as the standard currency became Florin. These then slowly become to Bills of Exchange and credits too. Banking was also developed which caused trade and finance to improve. The rise of wealth for the merchants also caused the nobles to lose power. These new ranks made the wealthy merchants to control the new political systems. The news system is all oligarchy. An oligarchy is when one place is governed by a small group of few wealthy people. As you can see because of the economic development, the political system started to change. This allowed a chance for commoners to be wealthy too instead of following the old caste system. The changes were all new changes of better standard which caused the development of the Renaissance, a period of rebirth.
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JessieArchives
May 2015
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