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Middle Ages Economy
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The economy mostly seen in the early middle ages was feudalism, Europe’s form of government
in the Middle Ages, was developed in the fifth century to meet the changing needs of the time. It
was based heavily on the honor system. The king had overall power, then the lord, then the
vassals, or landowners, and finally down to the peasants, know ....
Middle of paper
.... a declining population, shrinking markets, a decrease in arable land and a general
mood of pessimism were evidence of deteriorating economic conditions. This trend was far from
universal and it was certainly less severe in northern Italy. Also, north of the Alps, some
communities quickly rebounded and thrived on their commercial and manufact.... |
| Word count: 1379 |
Page count: 6 |
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