Слайд 2Preconditions: Middle Ages (400 to 1500 )
The dominant role of the Catholic
![Preconditions: Middle Ages (400 to 1500 ) The dominant role of the](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1155027/slide-1.jpg)
Church and its dogma
Subsistence agriculture -> Internal Exchange/Sharing
Poorly centralized power of King as the Overlord
Slow pace of technological development
The prohibition of charging “interest”
Слайд 3Reformation or Renaissance
Secularization
Church split: the emergence Protestantism
Centralization of power
Development of Technologies
![Reformation or Renaissance Secularization Church split: the emergence Protestantism Centralization of power](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1155027/slide-2.jpg)
and Sciences -> The Great geographic discoveries
New religious standards -> Controlled “interest”
Слайд 4Loan at interest: long history
“The doctrine of fair price”
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![Loan at interest: long history “The doctrine of fair price” - Thomas](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1155027/slide-3.jpg)
Thomas Aquinas
(Aquinas) (1225-1274)
Martin Luther (1483-1546)
and John Calvin (1509-1564)
Слайд 5From Peasants to Burgess
The appearance of manufactories and craft associations
Development of trade
![From Peasants to Burgess The appearance of manufactories and craft associations Development](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1155027/slide-4.jpg)
relations on all levels of supply chain
Development of shipbuilding: rebirth of caravel
Слайд 7The Great Geographic Discoveries
![The Great Geographic Discoveries](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1155027/slide-6.jpg)
Слайд 9The new perception of the world
![The new perception of the world](/_ipx/f_webp&q_80&fit_contain&s_1440x1080/imagesDir/jpg/1155027/slide-8.jpg)