HISTORY
THE RENAISSANCE AND REFORMATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a barter economy
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a traditional economy
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a money-based economy
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a command economy
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Detailed explanation-1: -Answer and Explanation: Banking was a new economic concern that developed during the Renaissance.
Detailed explanation-2: -The most important social change wrought by new economic growth was the rise of a new merchant class. They were an exclusive business elite, making up about 2% of residents in the great Italian trading cities. They were wholesalers, bankers, distributers, and manufacturers.
Detailed explanation-3: -What was one economic effect of the Renaissance? Increased trade led to thriving Italian banks. What style influenced the work of the architect Filippo Brunelleschi? Classical forms from ancient Greece and Rome.
Detailed explanation-4: -The Renaissance was a fervent period of European cultural, artistic, political and economic “rebirth” following the Middle Ages.
Detailed explanation-5: -The most prevalent societal change during the Renaissance was the fall of feudalism and the rise of a capitalist market economy, said Abernethy. Increased trade and the labor shortage caused by the Black Death gave rise to something of a middle class.