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THE EARLY MODERN AGE - Coggle Diagram
THE EARLY MODERN AGE
ECONOMIC TRANSFORMATION
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products were made in workshops, which were controlled by associations of craftsmen called guilds.
**new products were brought to Europe. These included precious metals, foods and spices.
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an economic system in which capital belonged to private owners, generally members of the bourgeoisie
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Providing loans
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The bankers lent money in exchange for returning the same amount plus an additional amount, called interest
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The Early Modern Age began in 1453 with the Fall of Constantinople and ended with the French Revolution in 1789. However, by the end of the previous era, many important social, economic, political and cultural changes were already taking place.
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