European miracle in the context of "Proto-globalization"

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⭐ Core Definition: European miracle

The Great Divergence or European miracle is the socioeconomic shift in which the Western world (i.e. Western Europe along with its settler offshoots in Northern America and Australasia) overcame pre-modern growth constraints and emerged during the 19th century as the most powerful and wealthy world civilizations, eclipsing previously dominant or comparable civilizations from Asia such as Qing China, Mughal India, the Ottoman Empire, Safavid Iran, and Tokugawa Japan, among others.

Scholars have proposed a wide variety of theories to explain why the Great Divergence happened, including geography, culture, institutions, and luck. There is disagreement over the nomenclature of the "great" divergence, as a clear point of beginning of a divergence is traditionally held to be the 16th or even the 15th century, with the Commercial Revolution and the origins of mercantilism and capitalism during the Renaissance and the Age of Discovery, the rise of the European colonial empires, proto-globalization, the Scientific Revolution, or the Age of Enlightenment. Yet the largest jump in the divergence happened in the late 18th and 19th centuries with the Industrial Revolution and Technological Revolution. For this reason, the "California school" considers only this to be the great divergence.

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European miracle in the context of 15th century

The 15th century was the century which spans the Julian calendar dates from 1 January 1401 (represented by the Roman numerals MCDI) to 31 December 1500 (MD).

In Europe, the 15th century includes parts of the Late Middle Ages, the Early Renaissance, and the early modern period. Many technological, social and cultural developments of the 15th century can in retrospect be seen as heralding the "European miracle" of the following centuries. The architectural perspective, and the modern fields which are known today as banking and accounting were founded in Italy.

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