The Great revival of Europe - as a prerequisite for the formation of a new model of economic development of the World

Abstract

The article provides a comprehensive analysis of the relationship of the spiritual and cultural
development of the population and the socio-economic development of the state. The study in this
direction is caused by the need to rethink the so-called process of “cultural crisis”, which both
developed and developing countries of the world have encountered. Historical and retrospective
analysis made it possible to analyze the development of Europe on the basis of a civilizational
approach. It is proved that the Italian Renaissance created significant prerequisites for the
development of Europe. The exclusive role of Florence, the cradle of the Great Renaissance of
Europe, has been revealed on key areas of society: innovations in the field of economics, and
financial transaction mechanisms that are relevant to this day. The author’s own research confirms
the influence of the Renaissance on the beginning and subsequent development of the reformation of
the church. Protestantism, according to the author, allowed the use of the basic mechanisms of
capitalism and intensified entrepreneurial activity, and this, in turn, aroused the "energy of the
people" and a thirst for innovation. The depth of research allowed the author to identify a direct
relationship between the Italian Renaissance and the industrial revolution in Europe, considering the
Italian Renaissance as a key prerequisite for the industrial revolution in England