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Economic History
Economic History
Italy:
y Urban tradition continued .
Cities growth:
y y -
Began in port cities and then expanded to others. Consequences: Increase of agricultural productivity. Growth of population. Emigration to urban centers created jobs in commerce and industry .
o
- Manorial system began to disappear intensive crops. - Intensive influence between town and country. - The new agricultural entrepreneurs were urban people.
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(engaged in trade or who lent money) = voluntary associations (which became urban governments called communes) in order to:
o Attend to municipal affairs. o Protect their common interests . o Settle disputes without recourse to feudal courts .
freedom.
o E.g.:
Milan (1035)
Rest of Europe:
- Later and less intense urban development took place.
independence.
Northern Italy.
- Similarities:
o Largest urban population. o Greatest densities in Europe. o Most advanced and intensive agriculture. o Most important commercial and industrial centers.
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Then Italy took charge of the route and used it to bring the same goods as before and others like alum and cotton. wares, furs and glass.
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Meanwhile:
- Venetians obtained favors and privileges for Byzantine Empire because they help them in the battle against the Turks. - Genoa and Pisa after driving out the Muslims from Corsica and Sardinia, sacked Northern Africa and extracted specially favorable terms for their own ships and merchants. - Italian cities intensified their penetration of the Levant during the Crusades, established colonies and treated with Arabs and Turks. -
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Northern seas:
- Frisians Scandinavian great German trading cities
(Hansa).
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- The most important meeting place in Europe for - They took place in a different city every year (Provins
these towns ( letters of fair and other credit instruments) influenced more than the fairs.
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Kinds of trade:
- In the simplest circumstances, merchants worked for
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commerce.
y Another reason for the widespread dependence on
credit was the multiplicity of and confusion of coinage. E.g.: Florin (1252).
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Manufacturing industry
-
important sector of the medieval economy (although inferior to agriculture). Grew in importance along the centuries.
1. Manufacture of cloth (wool and linen). 2. Building trades.
Patterns of organization:
- More skilled workers were organized in guilds. - Merchants (who dominated the industry) were also
organized in guilds.
- Less skilled workers were not organized in guilds, they
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Labor productivity:
- Increased enormously as a result of:
1. Pedal loom. 2. Spinning wheel. 3. Water-powered fulling mill.
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Metallurgical industry:
- More economic importance for development. - Notable progress in later Middle Ages. - Iron ( its growth was progressive). - Improvements in technology ( hydraulic energy, blast
furnace).
- Miners and primary metal workers organized in free
Other industries:
- Tanning and leather working increased significantly. - Woodworking and pottery much larger place than earlier
times.
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Invents:
- Medieval men looked for novelty:
o Astrolabe and compass. o Printing from movable type. o Soapmaking.
techniques of production:
o Mills and millwork
clocks
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Astrolabe
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Decrease of population:
- Black Death (1348) it was not the origin of the crisis. - War ( civil and international). - Crop failures and famine. - Precariousness of the food supply and inadequacy of
sanity facilities.
- Climatic deterioration. - Overpopulation for the resources and technology
available.
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decrease in cattle fewer proteins in the diet and less manure for fertilizer crop yields declined even as more land was brought into cultivation.
- Problems with manorial economy.
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most agricultural
Salaries
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labor, in order to reinforce their falling incomes, that added to the increased burden of taxation collected by kings increased social tensions (rising of Flemish peasants in 1315-1317).
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In conclusion:
- Black Death, food price s falling and the salaries increase
peasants to migrate to other unexplored areas in Eastern Europe. The peasants who didn t leave were brought to a servitude situation.
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tightened their regulations so as to control the supply more effectively (restricted output, enforced working rules ).
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Champagne. Antwerp replaced Bruges as the principal place of Italian trade. The German Hansa received a formal organization. The Italian cities maintained their preeminence in trade but lost ground to Northern Europe.
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