Professional Documents
Culture Documents
The Pre-Industrial World: The Structure of Society
The Pre-Industrial World: The Structure of Society
The Orders:
-
Theory of Absolutism:
-
Reality of Absolutism:
-
14 September 2011
Rest of Society
-
14 September 2011
How did Business Work?
-
Challenges:
o No stock exchange (as we know it today)
o Poor communications
Everything happened by letter, horseback, or ship
Very slow could take weeks to get letter to where it needs to go
Solution:
o Personal connections
o Notarized contracts
o Informal information clearing houses (coffeehouses!)
o Rudimentary banking system (through banking families eg. Medicis (they are
a family))
Banks served 2 purposes money changers (currency), worked effectively
as a deposit bank safeguard money and pay you interest on it
The Indigent:
o Very numerous
o Very poor
o Relied on church if they didnt have money to feed themselves