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Reformation and Discovery: Europe c.1492-1610

Merchants, science and the changing world 1492 to 1610

  • 3 things to know
  • A2 Unit 3

Overview

Price revolution, joint-stock company and two navigational or cartographic advances of the period.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Key term

Why did the Atlantic ports rise at the expense of the Mediterranean cities?

Who and when

Who were the Fuggers?

Key term

Why did Amsterdam replace Antwerp?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    Why did the Atlantic ports rise at the expense of the Mediterranean cities?

    Model answer

    The new routes ran west and south, so Lisbon, Seville, Antwerp and later Amsterdam captured trade that Venice and Genoa had handled.

  2. 2

    Who were the Fuggers?

    Model answer

    The Augsburg banking family, above all Jakob Fugger, who financed the Habsburgs and took mining and monopoly rights in return.

  3. 3

    What made Antwerp the commercial capital of northern Europe?

    Model answer

    It was the entrepôt where Portuguese spices, English cloth and German silver and copper met, with an exchange where credit itself was traded.

  4. 4

    Why did Amsterdam replace Antwerp?

    Model answer

    Antwerp was sacked and then recaptured by Spain in the 1580s, and its merchants, skills and capital moved north to the rebel provinces.

  5. 5

    What was the price revolution?

    Model answer

    The long inflation of the sixteenth century, in which prices across Europe rose several times over, food fastest of all.

  6. 6

    Give the two main explanations offered for the price revolution.

    Model answer

    The inflow of American silver expanding the money supply, and population growth pressing on a food supply that could not expand as fast.

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1642, at .
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