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Ch 14.2 Trade Towns, And Financial Revolution
Ch 14.2 Trade Towns, And Financial Revolution
Ch 14.2 Trade Towns, And Financial Revolution
Ch 14.2 Trade Towns, And Financial Revolution
Ch 14.2 Trade Towns, And Financial Revolution
Ch 14.2 Trade Towns, And Financial Revolution
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Ch 14.2 Trade Towns, And Financial Revolution

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  • 1. Trade, Towns, and Financial Revolution Ch 14.2
  • 2. A Growing Food Supply <ul><li>Warming trend between 800 and 1200. </li></ul><ul><ul><li>New farming lands developed </li></ul></ul><ul><li>Horsepower </li></ul><ul><ul><li>New harnesses needed, the yoke </li></ul></ul><ul><li>3 field rotation vs. 2 field rotation </li></ul><ul><ul><li>2 field= 1 on, 1 off </li></ul></ul><ul><ul><li>3 field= 1 summer, 1 winter, 1 off </li></ul></ul>
  • 3. Trade and Finance Expands <ul><li>Population growth helped expand trade. </li></ul><ul><li>Fairs and trade </li></ul><ul><ul><li>Most traded their goods at fairs </li></ul></ul><ul><ul><li>Cloth was the most traded commodity </li></ul></ul><ul><ul><li>Bacon, salt, honey, cheese, wine, leather, dyes, knives, and ropes were others </li></ul></ul><ul><li>Guilds= association of people who worked at the same occupation </li></ul><ul><ul><li>Wheelwrights, glassmakers, winemakers, tailors, and druggists </li></ul></ul><ul><ul><li>Controlled wages and prices </li></ul></ul><ul><ul><li>Agreed to standard sizes, weights, and qualities </li></ul></ul><ul><ul><li>Apprentice  journeyman  gilded craftsman </li></ul></ul>
  • 4. A Financial Revolution <ul><li>Merchants made money selling their goods at fairs. </li></ul><ul><li>Problem: Before you make any money, you have to make the goods, which costs money. But you haven’t made any money yet. </li></ul><ul><li>Solution: Get a loan </li></ul><ul><li>Problem: The Church forbade usury, or the practice of lending money with interest. </li></ul><ul><li>Solution: Get loans from the Jews, who had no religious usury laws </li></ul><ul><li>Problem: The Jews were making money off the Christians! </li></ul><ul><li>Solution: The Church relaxed it usury laws. </li></ul><ul><li>Moral of the Story: Jesus doesn’t mind you bending the laws, as long as the Church makes money. </li></ul>
  • 5. Towns <ul><li>With the increase in trade, towns also grew. </li></ul><ul><li>The large cities of today’s Europe were only small towns for 100s of years </li></ul><ul><li>As towns grew, so did the opportunities for success. </li></ul><ul><li>Many serfs and peasants ran away from their manors and headed for the city. </li></ul><ul><li>The burghers , or town dweller, class was born </li></ul>
  • 6. Revival of Learning <ul><li>Universities: Not places, but people </li></ul><ul><li>Dante Alighieri and Geoffrey Chaucer wrote in the contemporary vernacular. </li></ul><ul><ul><li>Normal people could not read or understand Latin </li></ul></ul><ul><ul><li>The could understand their vernacular, though </li></ul></ul><ul><li>Muslim contributed to European learning </li></ul><ul><li>Thomas Aquinas bridged the gap between religion and learning. </li></ul><ul><ul><li>Influenced by Aristotle </li></ul></ul><ul><ul><li>He and his friends were known as schoolmen, or scholastics </li></ul></ul>

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