Revision as of 00:45, 10 November 2021 edit ClueBot NG (talk \| contribs) Bots, Pending changes reviewers, Rollbackers 6,411,083 edits m Reverting possible vandalism by Doodoohead38 to version by Rjensen. Report False Positive? Thanks, ClueBot NG. (4074260) (Bot) Tag: Rollback ← Previous edit		Revision as of 17:06, 19 December 2021 edit undo Chris the speller (talk \| contribs) Autopatrolled, Extended confirmed users, Pending changes reviewers 857,279 edits m →‎Monetary factors: replaced: new found → newfound Tag: AWB Next edit →
Line 60: Another issue was that European mines were exhausted of silver ore and gold. What ore remained was too deep to recover, as water would fill the mine, and technology was not sufficiently advanced enough to successfully remove the water to get to the ore or gold.<ref>{{cite web \| url=http://www-geology.ucdavis.edu/~cowen/~GEL115/115CH7.html \| title=Exploiting the Earth \| access-date=2007-10-17 \| author=Cowen, Richard \| url-status=dead \| archive-url=https://web.archive.org/web/20071009180929/http://www-geology.ucdavis.edu/~cowen/~GEL115/115CH7.html \| archive-date=2007-10-09 }}</ref> A second argument is that trade during the youth of the Commercial Revolution blossomed not due to explorations for bullion (gold and silver coinings) but due to a ~~new found~~newfound faith in gold coinage. Italian city-states such as Genoa and Florence (where the first gold coins began to be minted in 1252) and kingdoms such as the Kingdom of Sicily routinely received gold through such trading partners as Tunisia and Senegal.<ref>{{cite journal\|last1=Lopez\|first1=Robert S.\|title=Back to Gold, 1252\|journal=The Economic History Review\|date=1956\|volume=9\|issue=2\|pages=219–240\|doi=10.2307/2591743}}<!--\|access-date=6 November 2014--></ref> A new, stable and universally accepted coinage that was both compatible with traditional European coinage systems and serviced the increased demand for currency to facilitate trade made it even more lucrative to carry out trade with the rest of the world. ===Technological factors===

Commercial revolution: Difference between revisions