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Answer:

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.

Explanation:

Answer:

           Renaissance literally means 'rebirth'. Renaissance began in Italy, specifically in Florence. It rediscovered and revived Greek and Roman culture, and its main theme is 'human-centeredness', usually called as humanism. Humanism is the basis of the Italian Renaissance, and artists endeavored to recover the Greek and Roman culture which pursued human to be in the center. In this sense, Jakob Burckhardt named this period as 'Renaissance' in the latter part of the 19th century (1). The culture of Italy made in this period was an opportunity for the Europe to escape from the Dark Ages, and brought modernization and developments to Europe in various fields such as society, economy and politics.

           This paper is about the impact of the Renaissance on Italy, specifically about the economic aspect. In order to have a deeper understanding about the advent of the Italian Renaissance, the late Middle ages of Europe will be briefly touched. The economic background under which the Italian Renaissance started in no other place than Italy will be addressed. The economic condition of Italy after the Italian Renaissance will be added as well.

           The paper is composed of four chapters, arranged in a chronological order : the late Middle ages, the economic background of the advent of the Italian Renaissance, the economic history during the Italian Renaissance, and the economic status of Italy after the Italian Renaissance.

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