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Section 4 Economic Recovery Sparks Change

Section 4 Economic Recovery Sparks Change. An Agricultural Revolution Technology improves farming Iron plow New kind of harness built for horses(faster) Production and population grow Peasants > rotation of crops > three field system Produced more food > population almost tripled.

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Section 4 Economic Recovery Sparks Change

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  1. Section 4 Economic Recovery Sparks Change

  2. An Agricultural Revolution • Technology improves farming • Iron plow • New kind of harness built for horses(faster) • Production and population grow • Peasants > rotation of crops > three field system • Produced more food > population almost tripled

  3. The Revival of Trade and Travel • 1100s warfare and invasions declined • Trade routes expand • Europe enjoying trade with Middle East and Asia • Merchant companies form • Small centers of trade become 1st medieval cities • Merchants settle in cities during the winter • Merchants made charters with local lords or kings to protect their interests

  4. A Commercial Revolution • Capital being established > also start to see credit • The beginnings of modern business • Merchants grouped together in partnerships • Developed a system of insurance to reduce risks • Society begins to change • Business practices reshape economy and society • Christians forbidden to lend money > Jews became moneylenders > successful > led to resentment • The Rise of the Middle Class • Merchants, traders, and artisans formed new class • The Role of Guilds • Guilds? Formed by who? • Each Guild represented an occupation • Becoming a guild member • Apprentice > Journeyman > Guild Master

  5. Town and City Life • Towns became filthy, smelly, noisy, and crowded > lead to disease

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