HIS109Y1 Lecture Notes - Middle Ages, Manorialism, Feudalism
Document Summary
very little produced beyond which people needed to survive; this was known as a manorial economy. crusades stimulated long-distance trade, required capitalization of money, fostered states of trade, cities that provided basic materials for trading. individual trades benefitted as well (for ex. ship-building) trades mobilized to provide for the needs of men. goods and services could not be paid for by a bartering economy, thus intro of money. some kind of generally accepted medium of exchange was required (money) services providing support over long distances established trading relations. war and expansion lead to knowledge of the enemy. sophisticated money economies in the far-eastern nations, western traders had to pay in cash. 1348: black death broke out; always was recurrent plagues, but nothing like the black plague. up to 50 % of the population died, human suffering was extreme.
