The Making of The Modern World Economy Coursework

The Making of The innovational World Economy - Coursework Example commercialism was revived with the expansion of specialization between its countrysides and towns. Commerce and trade sprung in most parts of Western Europe especially in Venice and the Northern cities. During the sentence of exploration, the navigators discovered new paths to explore Asia and America. Commerce grew in these nations due to the establishment of financial companies and the merging of companies (Pomeranz, 2011). there was also the difference in sear availability between China and Europe. China had plenty of coal deposits which made it a huge potential to the West. During the industrial period, coke and coal were frequently used in the transportation. Coal was used to fire steam engines which turned out to be both cheaper and efficient in terms of use, as compared to charcoal. Even though China had used coal during the Ming and Song period, China afterwards abandoned its use due to the Chinese industry shifting to the South. The shift caused the deposits to be far outside(a) due to the destructions of Jurchen and Mongol. The technological advancements made Europe to succeed in agriculture, trading, fuel and other resources (Pomeranz, 2011).Labor migration from the Chinese led to improved Agricultural systems in Europe. Most of the European land was idle and underdevelopment as compared with the Asiatic counterparts. Instead of Europe engaging in the expensive improvement of soil fertility, it embarked on the labor productivity. thus far due to the increased migration of people to the European nations, it caused food shortages. The problem was easily counteracted through the importation of fertilizers and desire suppressants foods from America (Pomeranz, 2011).Europes success can also be contributed by aggressive belief of the imperialist and the mercantilist policies through which Europe used the military and protective methods to safeguard its industrialists based in China. The leap out of Europe can