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:
“The law is not a “light” for you or any man to see by; the law is not an instrument of any kind. The law is a causeway upon which so long as he keeps to it a citizen may walk safely.”
—Robert Bolt (1924–1995)
“When shot, the deer seldom drops immediately, but runs sometimes for hours, the hunter in hot pursuit. This phase, known as ‘deer running,’ develops fleet runners, particularly in deer- jacking expeditions when the law is pursuing the hunters as swiftly as the hunters are pursuing the deer.”
—For the State of Maine, U.S. public relief program (1935-1943)
“Most magazines have that look of being predestined to be left which one sees on the faces of the women whose troubles bring them to the Law Courts.”
—Rebecca West (1892–1983)