European economy from 1100 to 1600

Economic Development is the origination of prosperity from which community benefits are

established. It is higher than a job program; it’s an investment in building your economy and

increasing all inhabitants' wealth and life quality. It is mandatory to look at that economic

development is not exactly like community development. A third of the world's population,

Europe is the sixth largest continent by region, bordered to the south by the Mediterranean

Sea, but to the east by Asia, and to the west by the Atlantic Ocean. It is the masterpiece of

Western democracy and Western culture. Throughout history, Europe has been the site of

numerous cultures such as the Ancient Greeks and Romans as well as the world's first

democracies. Europe also had its share of wars such as World War I and World War II.

Europe has recently united under the European Union in order to achieve a common currency

and unite military and economic authority. By joining the EU, independent European

countries have created a single currency and have come nearer uniting economically and

militarily.

As the first great region in the world to construct a modish economy based on industrial

growth, monetary agriculture, and specialized performances, Europe developed the first

modern economy in the world. Europe’s successful modernization can be attributed to the

abundant economic resources of the continent, its rich history of inventions, its developed

productive force, and the integration of all these factors-both natural and artificial-that

improved transportation of raw materials and evaluated that the continent has emerged as a

hub for ideas transmission.

European Economy in 16 Century th

A major influence on the development of the early modern period was the rapid economic

growth of the sixteenth century in sense of political, social, and cultural changeover. By

1500, the population was growing in most parts of Europe after two centuries of decline or

stagnation. Export ties strengthened, stretching the "economic sails" across the continent.

European economies were transformed into world economic structures as a result of the

ongoing global discoveries. Several materials implicated from newly discovered lands

contributed to the material life. Due to the rise in production due to new organizational

methods, not only trade but also product production expanded. Money was created and

exploited at unprecedented levels by bankers, businessmen, and merchants. In Western

culture, some scholars state that capitalism began in the 16th century, or at least peaked in

that era. In addition to its key role in organizing the economy, capital played a crucial role in

determining the course of foreign dealings and politics.

Even as capitalism progressed in the West, peasants living in Eastern and Central Europe lost

their freedom. A 'common crisis' broke out in several European countries in the middle and

later periods of the 17th century following the apparent prosperity of the 16th century. Their

subjects demanded new standards of cultural conformity because they acted politically as

authoritarian states. There had been expulsions of Jews in a number of states, and virtually all

denied religious contention. Due to the resurgence of ancient learning and the reform of the

Churches, irrational fear of witches began to infect significant portions of the populace,

including the educated.

The introduction of mobile type printing reinstates the lavish appliance, the press for

numerous writers. Smaller armies took advantage of guns and gunpowder to become more

powerful. The advancement of shipbuilding and navigation helped produce larger ships that

could navigate longer expanse with fewer crew members. In 1500 Europe had achieved a
level of technical superiority unparalleled in human history: the ability to produce weapons

that could outperform any other culture. Europeans were therefore all set to stretch out

overseas.

Europe in the middle Ages:

A sustained period of growth occurred in Europe between 900 and 1300 during the middle

Ages. The High Middle Ages are remembered as a time of supernatant idealism in Europe. It

was an age of renewed military and economic activity, but also of incredible religious

growth. The Crusades witnessed Europeans thrusting out against their neighbours, and the

period saw the rise of great institutions like the Gothic cathedrals, churches, and Romanesque

across the whole of Europe. As the Celtic world advanced through Scandinavia and on to the

Slavic world, a series of new states were created. This period has been one of the most

productive in human history - a duration that would not have been credible without the

enormous population growth during this time. Europe experienced sustained prosperity from

about 900 to 1300, an era of rapid social, economic, and technological development. Political

and cultural accomplishments during this period were crucially influenced by this growth.

Population Growth in the middle Ages:

First and foremost, the population has been increasing steadily. In Europe, the

population boomed between 1050 and 1200. The economy is expanding as indicated by some

secure indicators. There is a record of larger family sizes anywhere in the world where family

size has been documented. Although it appears that more babies are being born, it is more

likely that they are surviving. In addition, people are living longer than they used to. During

this time, no epidemic or heavy starvation occurred. A general aspect of this period was the

existence of dry and sunny weather throughout whole Europe, during which a large amount
of new land was cultivated. There was no randomization in cultivating new areas of land.

Food was needed to feed more mouths, and nutrition improved.

It was because of this that people were eating better. More land was given over to iron and

protein-rich crops. In addition to these gains, they were healthier, more effective, lived longer

- it was no wonder that the population curve rose.

Trade in the High middle Ages:

The expansion of urban markets is made possible by improved transportation systems

and roads. It could be said that cities live as parasites on their surrounding lands. Since cities

grow larger and larger, they require more resources, which makes it impossible to grow their

own food. In order to supply food around the world, farmers must produce more and more in

the countryside, which enables cities to grow and urbanization to occur. A notable feature of

the history of trade is that both the church and secular governments supported it. In addition

to agricultural specialization, growing prosperity, a desire to own more products, and more

wealth at people's disposal also fuelled trade. People learned about exotic food from around

the world from movements like the crusades. Whether for sheer pleasure or as a symbol of

dignity, having exotic spices on one's table had a certain indication.

A number of factors helped trade, most notably fairs; with those most famous is Champagne

in France. Most of these fairs take place in the Champagne region throughout the year, and

they move from town to town. During the 13th and 14th centuries, the great fairs played an

important role in promoting trade until the trade gradually began to move away from the

Mediterranean world toward northern Europe and the other way around by ship.

Concluding that European society during the high Middle Ages flourished. Compared to the

past, this was unprecedented before the dawn of the modern era. The picture of a growing and
expanding Europe frames our understanding of European society, culture, politics, art,

architecture, and literature during the High Medieval period.

 
References:

1. Europe (2021). Available at: https://www.britannica.com/place/Europe/additional-

info#history (Accessed: 5 May 2021).

2. Geography for Kids: European countries flags, maps, industries, culture of

Europe (2021). Available at: https://www.ducksters.com/geography/europe.php

(Accessed: 5 May 2021).

3. Myint, H. and Krueger, . Anne O. (2016, September 27). Economic development.

Encyclopaedia Britannica. https://www.britannica.com/topic/economic-development

4. Noble, T.F., Strauss, B., Osheim, D., Neuschel, K. and Accampo, E., 2012. Western

Civilization: Beyond Boundaries, Volume II: Since 1560. Cengage Learning.