Turning Points In History
In global history, many civilizations have undergone changes that historians consider turning points. A turning point is a point in time at which a significant change occurs that affects a whole society's way of life. There are many examples of turning points in the past.
One turning point is in the Commercial Revolution of the middle ages. Feudalism in medieval Europe was ruthless. The manor economy was based on land, so those who had land also held the wealth and power. When trade expanded and businesses grew, a new social class emerged that was based on a money economy. This new class, the middle class, consisted of merchants, traders, and artisans. As feudalism declined, capitalism surfaced. Capitalism is based on trade and a standard called supply and demand. If the demand for a product is high, the price raises and the workers make a larger profit. On the downside, if the demand is low, so are the price and wages. The reason why the commercial revolution is such a turning......
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