History of Algebra in Renaissance

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What does ‘RENAISSANCE’ mean? The term renaissance is derived from the French word meaning ‘REBIRTH’. It is used to describe this phase of European history because many of the changes experienced between the 14th and 16th centuries were inspired by a revival of the classical art and intellect of Ancient Greece and Rome. Much of the art, architecture, literature, science and philosophy that surfaced during the Renaissance was so reminiscent of this ancient past, that is seemed as through Europe was indeed reborn during the late Middle Ages. That’s why; the Renaissance was a time of great social and cultural changes in Europe. It was a period characterized by innovation, imagination and creativity. Algebra in the Renaissance Introduction The general cultural movement of the Renaissance in Europe had a pro-found impact also on the mathematics of the time. Italy was especially impacted. Up to this time, the Italian merchants traveled widely throughout the East, bringing goods back in hopes of making a profit. They needed little by way of mathematics. Only the elementary needs of finance were required. * Determination of costs * Determination of revenues After the crusades, the commercial revolution changed this system. New technologies in ship building and safety on the seas allowed the single merchant to become a shipping magnate. These sedentary merchants could remain at home and hire others to make the journeys. Freed from the labor of travel, they now had time to make business deals. Thus they needed skills at financial capitalization, creation of instruments of credit, and generation of bills of exchange. At the base of all these was the computation of interest. Double-entry bookkeeping began as a way of tracking the continuous flow of goods and money. The economy of barter was slowly replaced by the economy of money we have today. Needing more
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