As population and wealth grew, people began to demand more and different goods. The demand for goods led to specialization and long-distance trade. People began to trade surplus, or extra crops, for other people's surplus crops and goods. Different regions began to specialize in making certain go0ds. New banking methods boosted trade. Merchants often had to travel great distances to buy and sell good. Carrying cash was risky. They could be robbed. With a bill of exchange, the merchant put money in one bank in one city. In another city, the merchant then presented the bill of exchange and took out an equal amount of money. They did not need to carry cash anymore, which led to the growth of long-distance trade. Trade began to tie Europe to the wider world. Merchants traveled to Asia and Africa. Contact with other regions helped Europeans get products that they could not get before. Reading Check Circle two results of an increased demand for goods.
As population and wealth grew, people began to demand more and different goods. The demand for goods led to specialization and long-distance trade. People began to trade surplus, or extra crops, for other people's surplus crops and goods. Different regions began to specialize in making certain go0ds. New banking methods boosted trade. Merchants often had to travel great distances to buy and sell good. Carrying cash was risky. They could be robbed. With a bill of exchange, the merchant put money in one bank in one city. In another city, the merchant then presented the bill of exchange and took out an equal amount of money. They did not need to carry cash anymore, which led to the growth of long-distance trade. Trade began to tie Europe to the wider world. Merchants traveled to Asia and Africa. Contact with other regions helped Europeans get products that they could not get before. Reading Check Circle two results of an increased demand for goods.
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Circle two results of an increased demand for goods.
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How Did Trade and Industry Increase
As population and wealth grew, people began to demand more and different goods. The
demand for goods led to specialization and long-distance trade. People began to trade
surplus, or extra crops, for other people's surplus crops and goods. Different regions began
to specialize in making certain goods.
New banking methods boosted trade. Merchants often had to travel great distances to buy
and sell good. Carrying cash was risky. They could be robbed. With a bill of exchange, the
merchant put money in one bank in one city. In another city, the merchant then presented
the bill of exchange and took out an equal amount of money. They did not need to carry
cash anymore, which led to the growth of long-distance trade.
Trade began to tie Europe to the wider world. Merchants traveled to Asia and Africa.
Contact with other regions helped Europeans get products that they could not get before.
Reading Check Circle two results of an increased demand for goods.
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