Economies of World History

by William Downs

Renaissance 1300-1600

The Renaissance was the rebirth of trade and art in Europe. This revival led to an escalation of wealth thus leading to more patrons.
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Renaissance Artists

The sponsorship of affluent and educated merchants and priests did much to foster an artistic blossoming in northern Italy, which later spread to northern Europe. An example of one of these patrons is the Florentine banker Cosimo de Medici. He spent enormous amounts of money on sculptures, paintings, and public buildings. In fact, the whole Medici family were very wealthy and prestigious patrons. The church was also an important source of artistic commissions. The papacy launched a building program that included the construction of the new Saint Peter's Basilica and a home for the Pope himself

Some of the most famous Renaissance artists

Russia 1500-1750

The Russian Empire stretched from eastern Europe across northern Asia and into North America.

Russian Economy

Many Russians felt more at home in the more forested parts of Siberia than on the open steppes, and the region teeming with natural resources. One of these resources was the soft and warm pelt animals grew to live in the harsh environment. Russian pioneers made a living off of coats made out of the fur. Merchants who came from Europe to buy these, provided revenue for the Tsars. These pelts became a large part of the economy.

Peter the Great's Economic Influence

The greatest of the Romanovs was Peter the Great (1689-1725), who made major changes to end Russia's isolation and expand the empire. To secure a warm-water port on the Black Sea, he assembled a small navy that could blockade the Ottoman ports. On the land captured from Sweden, Peter built St. Petersburg, a city that would allow him to access the west. This city soon became the capital of Russia.

Ottoman Empire 1300-1750

The longest lasting of the post-Mongol Muslim empires, the Ottoman Empire grew from just a small state in 1300 to covering most of southeastern Europe to the fifteenth century.

Ottoman Economy

Istanbul was the crossroads of exchange between the East and West. Caravans carried silk, tea, porcelain and spices. There was a great amount of supervision on commerce and taxes on almost all transactions. Taxation on Muslims was done with tithes, non-Muslims paid a poll tax. The job of tax collector was given to the highest bidder. Coffee was a large export from Istanbul to western Europe. Coffee was banned at some ports for being un-Islamic.

Mughal Empire 1526-1761

The land of the Mughal sultans of India differed from the empires of the Ottomans and the Safavids.

Mughal Economy

With the Large population of 100 million people, thriving trading economy based on cotton cloth, and an efficient administration, India enjoyed great prosperity in the sixteenth century. Foreign trade thrived at the port of Surat in the northwest, which was also a point for pilgrims headed for Mecca. The main crops besides cotton that were grown during the Mughal Empire's reign were millets, oilseeds, cereals, hemp chili, sugarcane, indigo, and betel (the leaf of a tree used as a mild stimulant). During the reign of emperor Jahangir, the Portuguese introduced tobacco and potato to India.

Qing Dynasty Economy 1644-1783

At the end of the Ming dynasty, China's economy was expanding. New markets were rising and merchants were expanding their businesses. China didn't have a single central market, but it did have many important markets moving throughout. Medicinal herbs from West China moved East, and cotton moved from North China to Central China. Rice moved around in local markets because it was readily available to the people. The economy was mainly agricultural during the Qing dynasty, so most of the population lived in rural areas.

Works Cited

Works Cited

Bulliet, Richard W. The Earth and Its Peoples: A Global History. Boston: Houghton Mifflin, 2001. Print.

"The Economy in the Ottoman Empire." The Economy in the Ottoman Empire. N.p., n.d. Web. 12 Feb. 2016.

"Economy of Mughal Empire." Economy of Mughal Empire. Jupiter Infomedia Ltd., 30 Jan. 2012. Web. 12 Feb. 2016.

GAYLE, CAROL; MOSKOFF WILLIAM. "Economy, Tsarist." Encyclopedia.com. HighBeam Research, 01 Jan. 2004. Web. 13 Feb. 2016.

Zelin, Madeleine. "Grandeur of the Qing Economy." Grandeur of the Qing Economy. N.p., n.d. Web. 12 Feb. 2016.