Question

Complete the following statement to explain the expansion of European commerce in the 1200s and 1300s. The expansion of European commerce in the 1200s and 1300s was partly the result of numerous technical innovations. These included _____, which allowed for the easy transfer of funds, _____, which made balancing accounts much simpler, _____, a type of map that depicted the location of port cities, and, especially, _____, which measured time and created new ideas about work and efficiency.

Answer 1

The expansion of European commerce in the 1200s and 1300s was fueled by technical innovations like the international banking system, double-entry bookkeeping, portolan charts, and mechanical clocks, leading to increased trade, a wealthier merchant class, and new economic structures.

Step-by-step explanation:

The expansion of European commerce in the 1200s and 1300s was partly the result of numerous technical innovations. These included an international banking system, which allowed for the easy transfer of funds, double-entry bookkeeping, which made balancing accounts much simpler, portolan charts, a type of map that depicted the location of port cities, and, especially, mechanical clocks, which measured time and created new ideas about work and efficiency.

These innovations contributed to the revitalization of old trade routes and the establishment of new ones, the growth of a wealthy merchant class, and the development of new economic structures such as mercantilism, which helped to fund European overseas exploration and the ensuing Age of Exploration.