2. The Renaissance
Means “Rebirth”
Rebirth of what?
Culture
Art
Science
Ideas & Learning
Renaissance begins in the late1300’s, probably Florence, Italy
4. The Black Death (Plague) 1346 A.D.
Europe experiences a massive decline in population
Labor is hard to find (scarce)
Towns and many serfs freed from feudal obligations
Church’s influence declines
Disrupts pattern of trade.
5. Economic Effects of the Crusades
Increased demand for Middle Eastern products
Stimulated production of goods to trade in Middle Eastern
markets
Encouraged the use of credit (borrowing money) and banking.
6. Important Economic Concepts
Church rule against usury and the bank’s practice of
charging interest helped to secularize northern Italy.
Letters of credit served to expand the supply of
money and speed-up trade.
New accounting and bookkeeping practices (use of
Arabic numerals) were introduced. Roman numeral
system (5 biquinary system) used prior to this.
7. Impact of Crusades and Black Death
Feudalism no longer works
Growth of trading towns and cities
Cities are free from feudal obligations
Manorialism no longer works
Not enough workers
Demand for Middle Eastern Goods causes increase in trade
8. Florence, Venice, & Genoa (Italy)
Were initially independent
city-states governed as
republics.
Had access to trade routes
connecting Europe with
Middle Eastern Markets.
Served as trading centers for
the distribution of goods to
northern Europe
9. Humanism
The study of humans and humanity
Celebrated the individual
Stimulated the study of Greek and Roman literature and
culture
Was supported by wealthy patrons (people who
supported artists and writers)
10. Humanism (cont.)
During Renaissance, people turn away from religion.
Celebrates the here and now, don’t wait for the
afterlife.
People still believe in God.
Religion just isn’t everything.