Between 1000 and 1500, trade and finance underwent significant transformations due to the growth of urban centers and the expansion of long-distance trade networks. The establishment of trade routes, such as the Silk Road and maritime paths connecting Europe, Africa, and Asia, facilitated the exchange of goods, ideas, and cultures. The introduction of banking systems, credit, and the use of coins improved financial transactions, while the rise of merchant classes contributed to the economic shift from feudalism to a more market-oriented economy. Additionally, the Age of Exploration opened new trade opportunities, further integrating global economies.
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