Economic Revolution And The Italian Renaissance

147 Words1 Pages
From an idealist perspective, one of the key factors contributing to the economic revolution is the "slow decay of religious spirit" (Heilbroner 35) under the impact of Italian Renaissance. Merchants had won themselves more respect from Christian churches and other people in general because the merchants had taken on a more and more integral role. Additionally, the realization of the importance of accounting/money regulation had contributed to the success of the revolution. From a materialist point of view, people like John Law definitely aided the revolution. In France, Law organized the Mississippi Company, "selling shares in an enterprise that would mine the mountains of gold in America" (38). One of of the most compelling factors is the