Changes

By the mid-1500s, Europeans had obtained control from Arabs of much of the trade with Asia, whereupon Asian goods flooded the European markets.  Gold and silver then came from the New World, increasing European wealth further.

By the mid-1500s, Europeans had obtained control from Arabs of much of the trade with Asia, whereupon Asian goods flooded the European markets.  Gold and silver then came from the New World, increasing European wealth further.

The highest volume of shipping moved from Mediterranean to Atlantic ports and newly chartered companies were established.  Modern tools of capitalism such as the "promissory note" (the basic document for a loan of money) arose.

The highest volume of shipping moved from Mediterranean to Atlantic ports and newly chartered companies were established.  Modern tools of capitalism such as the "[[promissory note]]" (the basic document for a loan of money) arose.