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Reshaping of Medieval       Europe      Chapter 10        Part 1
FACTORSTHAT LEADTOREVIVAL OFTRADE
Routes         1. Northern             • Silk Road         2. Central Route             • Land and Sea         3. Southern...
Markets and Fairs Fair •Regional/international • annual •West meets East    Market    • Primary center for local      trad...
Fairs West                  East • Wool               • Spices • Grain               • Silk• Timber              • Gems  •...
$$ and Banking                              MoneychangersStandard value                              knew value of   of go...
Banking            Money           ChangersKnew value       Kept money of coins       for merchants Money             Lett...
Church and Business PracticesDiscouraged economic          Viewed merchants and       activity               traders with ...
FACTORS THAT LEAD TOGROWTH OF TOWNS
Growth of TownsTowns = places of trade                    Increase in agriculture productivityRevived Trade               ...
Freedom           after 1 year             in town                           Don’t haveBuy/sell                          t...
GuildsRegulate business activity       Security-profits-aid-charity         Merchant (fixed prices)    Craft (regulate hou...
3 Classes in Guild                                                   Master                                               ...
New Social Class              • Freedom              • Money              • Energetic              • Independent          ...
Town Life
Chapter10-Part 1 Growth of Trade and Towns
Chapter10-Part 1 Growth of Trade and Towns
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Chapter10-Part 1 Growth of Trade and Towns

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Chapter10-Part 1 Growth of Trade and Towns

  1. 1. Reshaping of Medieval Europe Chapter 10 Part 1
  2. 2. FACTORSTHAT LEADTOREVIVAL OFTRADE
  3. 3. Routes 1. Northern • Silk Road 2. Central Route • Land and Sea 3. Southern Route • Red Sea
  4. 4. Markets and Fairs Fair •Regional/international • annual •West meets East Market • Primary center for local trade • Merchants/peasants sold their stuff
  5. 5. Fairs West East • Wool • Spices • Grain • Silk• Timber • Gems • fish • Cotton/linen • Rugs • dyes
  6. 6. $$ and Banking MoneychangersStandard value knew value of of goods coins Every lord minted own coins Help trade
  7. 7. Banking Money ChangersKnew value Kept money of coins for merchants Money Letters of lenders credit (checks)
  8. 8. Church and Business PracticesDiscouraged economic Viewed merchants and activity traders with suspicion Poverty = virtue Wealth brings corruption Medieval Church“just price” = price that included cost of “usury” = charge interest material, labor and for use of money borrowed reasonable profit
  9. 9. FACTORS THAT LEAD TOGROWTH OF TOWNS
  10. 10. Growth of TownsTowns = places of trade Increase in agriculture productivityRevived Trade Guilds Better Farming (Better tools Increase in means less people people’s freedoms needed) Emergence of new social class (middle) Charter = privileges granted to a town by the feudal lord; outlined rights of the townspeople
  11. 11. Freedom after 1 year in town Don’t haveBuy/sell to work land freely (money) Town Justice
  12. 12. GuildsRegulate business activity Security-profits-aid-charity Merchant (fixed prices) Craft (regulate hours, wages, etc)
  13. 13. 3 Classes in Guild Master Craftsman • Needs experience and $$$ to open own shop Journeyman • Exam, and show • Seek employment and sample work wages (masterpiece)Apprentice • In shop of master • Take oath to follow rules of guild• Young boy• Enters house of master• Work in exchange for food, home and training(up to 7 yrs.)
  14. 14. New Social Class • Freedom • Money • Energetic • Independent • Mobile • Growing in power and importance • Bothered Nobles • Decline of Feudalism • No more wealth by birth or land • Money can be made and invested • Many merchants lived like lords
  15. 15. Town Life

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