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Discover the reasons behind the revival of trade in Europe during the High Middle Ages, including the influence of Italian and Viking ships, the impact of the Crusades, the emergence of trade centers like Flanders and the Hanseatic League, and the growth of towns.
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SECTION 2 The Revival of Trade Question: What were some reasons for the revival of trade in Europe?
SECTION 2 Italian ships brought goods back from Asia. Viking ships brought Asian goods to northern Europe. The Crusades stimulated trade. Revival of Trade Flanders became a meeting center of different trade routes. The Hanseatic League set up trading posts. The Revival of Trade
Towns • Why do towns develop? TRADE Early Medieval period—fairs Barter—basic goods Towns grow up around fair sites High Middle Ages—shift from barter to money economy
Economic Effects of Crusades • Increased demand for Middle Eastern products—luxury goods • Stimulated production of goods to trade in Middle Eastern markets—domestic system • Encouraged the use of credit and banking – letters of credit; usury • Arabic numbers—1, 2, 3, 4, etc
Guilds • Merchants and workers begin to unite in associations called Guilds • Apprentice • Journeyman • Master • Middle Class emerges
The Plague • Medieval cities—dark, dirty, crowded • Disease • Rats • Increased trade—more mobile—easier to spread disease--pandemic
SECTION 3 Israel and the Occupied Territories The Growth of Towns Question: What factors contributed to the decline of serfdom?
SECTION 3 The Growth of Towns The Decline of Serfdom Serfs could leave for towns. Serfs could earn money by selling crops to townspeople. Changing agricultural methods pushed them off the land. The Black Death killed many people in Europe so the demand for workers increased.