1500

1500 Capitalism takes off

Capitalism in its modern form can be traced to the emergence of agrarian capitalism and mercantilism in the early Renaissance, in city-states like Florence. Capital has existed incipiently on a small scale for centuries in the form of merchant, renting and lending activities and occasionally as small-scale industry with some wage labor. Simple commodity exchange and consequently simple commodity production, which is the initial basis for the growth of capital from trade, have a very long history. Arabs promulgated capitalist economic policies such as free trade and banking. Their use of Indo-Arabic numerals facilitated bookkeeping. These innovations migrated to Europe through trade partners in cities such as Venice and Pisa. The […]

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Events 1500 – Da Vinci begins painting Mona Lisa

1503 Da Vinci begins painting the Mona Lisa  Events 1500s 1501: Michelangelo returns to his native Florence to begin work on the statue David. 1501: Safavid dynasty reunifies Iran and rules over it until 1736. Safavids adopt a Shia branch of Islam. 1501: First Battle of Cannanore between the Third Portuguese Armada and Kingdom of Cochin under João da Nova and Zamorin of Kozhikode‘s navy marks the beginning of Portuguese conflicts in the Indian Ocean. 1502: First reported African slaves in the New World 1502: The Crimean Khanate sacks Sarai in the Golden Horde, ending its existence. 1503: Spain defeats France at the Battle of Cerignola. Considered to be the first battle in history won by gunpowder small arms. 1503: Leonardo da Vinci begins painting the Mona Lisa and completes it three years later. 1503: Nostradamus is born on either December […]

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1500 Brasil is discovered

Pedro Álvares Cabral (1467 – 1520) was a Portuguese nobleman, military commander, navigator and explorer regarded as the European discoverer of Brazil. In 1500, Cabral conducted the first substantial exploration of the northeast coast of South America and claimed it for Portugal. While details of Cabral’s early life remain unclear, it is known that he came from a minor noble family and received a good education. He was appointed to head an expedition to India in 1500, following Vasco da Gama‘s newly-opened route around Africa. The undertaking had the aim of returning with valuable spices and of establishing trade relations in India—bypassing the monopoly on the spice trade then […]

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1502 Ahuitzotl: Powerful Ruler in the Aztec Golden Age

Ahuitzotl was a tlatoani (meaning ‘speaker’) of the city of Tenochtitlan, and the eighth ruler of the Aztec Empire. This emperor reigned from 1486 AD to 1502 AD, a period which is regarded by some modern historians as the Aztec Golden Age. It was during Ahuitzotl’s reign that the Aztecs Empire was expanded to its greatest territorial extent and consolidated. In addition, huge building projects were undertaken. This Golden Age, however, did not last for very long, and ended following Ahuitzotl’s death. The emperor was succeeded by his nephew, Moctezuma II, who is perhaps best remembered as the last independent […]

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