An important element of the Commercial Revolution was the growth of banking. Because of the strong religious disapproval of usury,
banking was not a respectable business in the Middle Ages. But by the fourteenth century lending money for profit became an established
business practice. The real founders of banking institutions were the great commercial houses of Italian cities. By the fifteenth century, the banking business had spread to southern Germany and France. The rise of private financial houses was followed by the establishment of government banks. The first was the Bank of Sweden (1657).
The Bank of England was founded in 1694. New industries like mining and smelting had sprung up and these enterprises were stimulated by technical advances. There was also change in business organisation. Regulated companies came to be formed. The regulated company was an association of merchants for a common venture. A leading example of this type was an English company known as the Merchant Adventurers established for the purpose of trade with the Netherlands and Germany. The system of manufacture developed by the craft guilds in the later Middle Ages became defunct. In the seventeenth century the regulated company was superseded by a new type of organisation called the joint-stock company. Joint stock company with limited liability was a Dutch innovation that made large scale investment possible by spreading out the risks (and profits) across large numbers of people.
6th Tamil | தமிழ்
- 6th Tamil - Term 2 Exam 2022 - 2023 | Original Question Paper | Salem District | Mr. G. Dinesh Kumar -PDF Download
- 6th Tamil - Term 2 Exam 2022 - 2023 | Original Question Paper | Dindigul District | Mrs. R. Radhika -PDF Download
- 6th Tamil - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District - PDF Download
6th Tamil - Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District - PDF Download
6th English | ஆங்கிலம்
6th English - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District -PDF Download
6th English - Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District - PDF Download
6th Maths | கணிதம்
- 6th Maths - Term 2
Exam 2022 - Original Question Paper | Tiruapttur District | Mr. A.
Mohammed Ali - PDF Download
- 6th Maths - Term 2
Exam 2022 - Original Question Paper | Salem District | Mrs. A.R.
Mahalakshmi - PDF Download
6th Maths - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District -PDF Download
6th Maths - Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District -PDF Download
6th Maths - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District - PDF Download
6th Maths - Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District - PDF Download
6th Science | அறிவியல்
6th Science - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District - PDF Download
6th Science - Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District - PDF Download
6th Social | சமூக அறிவியல்
- 6th Social - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District - PDF Download
6th Social - Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District -PDF Download
6th Social - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District - PDF Download
6th Social - Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District - PDF Download
6th PET | உடற்கல்வி அறிவியல்
6th PET - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District - PDF Download
6th PET- Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District -PDF Download
6th PET- Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District - PDF Download
6th PET - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District - PDF Download
6th EVS | சுற்று சூழல் அறிவியல்
6th EVS - Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District - PDF Download
6th EVS - Term 2 Exam 2019 - 2020 - Original Question Paper | Thiruvarur District - PDF Download
6th EVS - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District - PDF Download
6th EVS - Term 2 Exam 2019 - 2020 - Original Question Paper | Tanjavur District - PDF Download
6th Urdu | உருது
Under the feudal system, the medieval kings were at the mercy of their nobles who were prepared to align with the king’s enemies at any time. The kings had no control over the vassal lands, as the nobles had their own sub vassals and army to protect them. This weakened the position and power of the kings. The plague
that struck Europe in medieval time weakened the nobility. As thousands of peasants died, the nobility lost their work force and their taxes too. Nobles died in large numbers during the course of Crusades. The decline of feudalism
was a decisive factor in enabling the new rising monarchy to assert itself.
New warfare techniques such as use of gunpowder also contributed to the changes. The weakening war strategy of the knights came to the forefront during the Thirty Years War. The English longbow along with gunpowder caused more damage than the mounted knights.Henry VII decided to remove the threat of the nobles to his rule. The nobles maintained private armies with special insignia called livery
and maintenance. On becoming the king, Henry abolished this practice. He took the support of the merchant class and a few minority nobles to pass laws in the parliament. He created a special court in the Star Chamber to put the rebellious
nobles on trial. The kingdom collected money as fine from the nobles that increased the royal revenue. The parliament gave the king right to collect taxes too. Henry VII, who ruled between 1485 and 1509, established a firm control over the kingdom.
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