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How Does The Renaissance Affect The Economy

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The last affected area that will be discussed is the economy. The Renaissance era caused many changes in the economic institutes as well. Prior to the Renaissance, European societies were ruled by the Church under the feudalism system, which divided groups based on their position and services to the Church, as a result the economy experienced a major decline. The practice of trade with foreign countries virtually ended and the demand of goods were at an all time low. However, the era of rebirth bought forth significant changes to the economy. While the Church was tangle in controversy, the monarchies gained control of the government which ended in the Church losing its power to rule. As a result the economy began to flourish. Rulers quickly

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