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The Contrast of the Commercial Revolution with the Industrial Revolution - Coursework Example

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The paper "The Contrast of the Commercial Revolution with the Industrial Revolution" states that the Commercial Revolution and the Industrial Revolution had a profound effect on how today’s humans live their lives, at least in the so-called developed countries…
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The Contrast of the Commercial Revolution with the Industrial Revolution
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Download file to see previous pages Church officials deemed it heresy to suggest the Earth was round because the Bible refers to the ‘four corners of the world.’ In addition, if God flooded the world and only Noah’s family survived, where did these people come from? The scientific boom that began in the 1600s and continues to this day owes much to this period. The church was no longer able to stifle scientific knowledge following the events of this era. Additionally, the economy of Portugal, then Spain, Europe and Asia among others experienced a revival due to the increasing slave trade and the lifestyle and cultural traditions of the native people of the ‘new world’ were forever altered.
Portugal and then soon afterwards Spain embarked on the greatest adventure in human history during the late 15th century. Portugal was interested in the new avenues and forms of trade that the discovery of the Americas offered while Spain’s intent in the New World was occupation and subjugation of the native people (Kreis, 2002). The treasures the land provided and the labor of slaves captured in the Americas greatly built-up the Spanish economy and allowed its entire empire to flourish. The benefits of discovering the New World was enormous. Europe, particularly Spain, was inundated with silver, gold and free labor which greatly improved a sagging economy and fragmented political situations. “If the Age of Discovery did anything, it restored the self-confidence of Europe, and in turn, Europe rediscovered itself” (Kreis, 2002).
Exploring the New World was a good investment. The cost was relatively low compared to the potential reward. The risk for sailors was high, however. When Europeans first met the natives, they were a long way from home and outnumbered so the strategy was to befriend them (Kreis, 2002). ...Download file to see next pagesRead More
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