The Medieval Chinese Economic Revolution - 576 Words

The medieval Chinese economic revolution impacted China in many ways. The Chinese were able to import and export goods at an increasing rate. There were advances in China’s economy. The demand and the amount of goods produced increased. The productions of goods were affected by the migration to different areas. It also brought about variations in everyday life in the population and how they interacted with each other. During the revolution, trade adapted and soared to great heights. Farmers had stopped producing just for themselves, but producing surplus and selling the surplus to the market. In return, they bought things such as tea, wine, and oil. When they needed to ship commercial crops that they started to grow, the coastal shipping and inland shipping industries were created. Marco polo claimed to see no less than fifteen thousand vessels at a single port. Because of the booming shipping industry, a device used to tell direction was invented. Its name was the compass. It originally was a needle floating in water and was attached to a stem. It eventually was updated and put in a case with a glass top for use on ships. The first known use of the compass was around 1119. Foreign trade also flourished in this period. In 1225 the superintendent of customs wrote his account of what foreign places traders had visited. It included sketches of important trade cities. He also listed some important goo ds to come out of important cities. He also talked of how Chinese merchantsShow MoreRelatedReligion and Economy in Medieval Europe and Japan1305 Words   |  6 PagesReligion and Economy in Medieval Europe and Japan Social Hierarchy after Urbanization Religion did not have as much of an impact on daily life and the overall development of Japan as it did Europe. For instance the maximum of the wars were fought for wealth or power, not religion, but what it did do was influence certain features. 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