HISTORY
THE RENAISSANCE AND REFORMATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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sharing of money
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the reformation brought ideas
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sharing of not only goods but ideas
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None of the above
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Detailed explanation-1: -"During the Renaissance, making and trading goods became two important ways to earn money. Banking arose from trade and from merchants’ need to store, borrow, and send money to run their businesses. As trade grew, banking became more complex."
Detailed explanation-2: -Trade became very important during the Renaissance because Italy had few natural resources. During this time period there was a great demand for products that were not produced in Italy or were produced in insufficient quantities.
Detailed explanation-3: -Peppercorns, nutmeg, mace, and cinnamon all came from lands to the east. Also from the East came precious gems and fine silk, a fabric especially sought after for women’s clothing. These trading voyages were often paid for by investors.