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:
“I wish my countrymen to consider that whatever the human law may be, neither an individual nor a nation can ever commit the least act of injustice against the obscurest individual without having to pay the penalty for it. A government which deliberately enacts injustice, and persists in it, will at length even become the laughing-stock of the world.”
—Henry David Thoreau (1817–1862)
“But the creative person is subject to a different, higher law than mere national law. Whoever has to create a work, whoever has to bring about a discovery or deed which will further the cause of all of humanity, no longer has his home in his native land but rather in his work.”
—Stefan Zweig (18811942)
“Laws can be wrong and laws can be cruel. And the people who live only by the law are both wrong and cruel.”
—Ardel Wray. Mark Robson. Thea (Ellen Drew)