decline of trade in Mediterranean
Answers
Answer:
After the fall of the Roman Empire, these expansive international trade networks went into decline, although the Mediterranean Sea was still full of traders hopping across the region. Then, in the 13th century CE, something changed. ... However, while people were trading products, they were also trading ideas.
Explanation:
The so-called "Commercial Revolution" of the seventeenth century is thought to have been caused by the geographical discoveries of the 1500's which opened markets in the New World and shifted locational advantage to the European North Atlantic. This paper examines the hypothesis that the rise of Holland and England and the decline of the Mediterranean were the result of competitive victories in the old European markets, not new-found opportunities in the West. By employing a pattern of competitive tactics in industry, best analyzed in terms of an imperfect competition model, the Northern competitors ousted traditional suppliers from the old market area and enjoyed a period of formative industrial growth long before colonial markets became important sources of demand.
The Mediterranean trade route was a great source for trading wealth. The Mediterranean Sea is located at the center of three continents so it is efficient for trade. It was connected to the silk roads in the east and was used to transport goods from Asia throughout Europe.