Law
Laws began to change to deal with commerce, both internationally, and locally within individual countries.
In France, for example, the Ordinance of Marine of Louis XIV was published under the auspices of Colbert in 1691, and was the first complete code of maritime and commercial law; and "when we consider the originality and extent of the design and the ability with which it is executed, we shall not hesitate to admit that it deserves to be ranked among the noblest works that legislative genius and learning have ever accomplished."
In England, the Navigation Acts were among the British effort to regulate trade.
Read more about this topic: Commercial Revolution
Famous quotes containing the word law:
“Listen, little boy. In this business, there’s only one law you gotta follow to keep outta trouble. Do it first, do it yourself, and keep on doin’ it.”
—Ben Hecht (1893–1964)
“And what other great nation has statutes and ordinances as just as this entire law that I am setting before you today? But take care and watch yourselves closely, so as neither to forget the things that your eyes have seen nor to let them slip from your mind all the days of your life; make them known to your children and your children’s children...”
—Bible: Hebrew, Deuteronomy 4:8,9.
“No law is sufficiently convenient to all.”
—Titus Livius (Livy)