What is the historical signifcance of renaissance economics and trade

During the Renaissance, the European economy grew dramatically, particularly in the area of trade. Developments such as population growth, improvements in banking, expanding trade routes, and new manufacturing systems led to an overall increase in commercial activity. aslo, Trade brought many new ideas and goods to Europe. ... During the Renaissance people began using coins to buy goods which created a money economy. Money changers were needed to covert one type of currency into another. Therefore, many craftspeople, merchants, and bankers became more important i society

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