Traditional Culture Encyclopedia - Traditional culture - Commercial Crisis Caused by the Opening of New Voyages What is the meaning of Commercial Crisis?
Commercial Crisis Caused by the Opening of New Voyages What is the meaning of Commercial Crisis?
The commercial revolution led to the strengthening of economic and cultural ties between different regions, the further expansion of international trade, and the change of trade routes and trade centers (the trade routes were shifted from the Mediterranean coast to the Atlantic coast, and the position of Italy as a commercial center was replaced). It can also be called the Commercial Crisis
Also more references to the Commercial Crisis are made as the reason for the opening of the new shipping routes, which was caused by the poor trade routes. The Ottoman Empire controlled the major trade routes between the East and the West, blocking the traditional trade routes from Western Europe to the East; those who fiercely pursued the wealth of the East (gold, jewelry, spices, silk, etc.) of the aristocracy and emerging merchants of Western Europe, the urgent need to explore a direct sea route to India and China.
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