MEDIEVAL EUROPEAN Economic System • I can explain how incentives impact behavior • I can describe the manorial system of medieval Europe • I can analyze and select which economic system existed during the Middle Ages MEDIEVAL? WHAT IS FEUDALISM? Feudalism: • Medieval model of government • The kings offered land or estates to knights or lords in exchange for military service • 40 + days of service MANORIAL SYSTEM WHAT WAS THE IMPACT OF THE INVASIONS AND RAIDS IN EUROPE IN THE LATE 700’S? WHAT IS FEUDALISM? WHY DID FEUDALISM EMERGE? WHAT DID LORDS AND KNIGHTS RECEIVE FOR THEIR MILITARY SERVICE? WHAT RESPONSIBILITIES DID THE KNIGHTS/LORDS HAVE? WHAT DID THE SERFS OWE THE LORD? WHAT DID THE MANOR LOOK LIKE? PRODUCTION STEPS 1. 2. 3. 4. 5. 6. 7. Stand and put your hands on your shoulders Reach down to your desk and select a seed (crumpled piece of paper) from an imaginary bag by bringing your elbows together Reach down to the floor Plant the seed gently by releasing your elbows. Sit down at your desk Write the word of your assigned product on the piece of scrap paper Continue planting. WELCOME TO NGUYEN MANOR! Groups Crops Group 1 Barley Group 2 Wheat Group 3 Rye Group 4 Oats Group 5 Vegetables You work for Me- the Lord of the manor, there is no reward other than feeling good about trying your best. Slow workers may be punished. Prepare your seeds and record log ROUND ONE Group 1-Barley 2-Wheat 3-Rye 4-Oats 5-Vegetables Round 1 Plantings ROUND TWO The rules have changed! • Everything you put into the ground belongs to you. • Everyone in your group must agree on what to produce • Your goal is to plant as many seeds as possible so your family will have food to eat. What to produce? How to produce it? How to distribute goods/services? ROUND TWO Group 1-Barley 2-Wheat 3-Rye 4-Oats 5-Vegetables Round 2 Plantings ECONOMIC INCENTIVES Incentives Penalties Factors that motivate and influence behavior. Used to deter (stop) behavior Used for motivation Penalties are negative A reward is positive HOW DOES TECHNOLOGY CHANGE PRODUCTION Group Technology Tool 1-Barley Heavy Wheeled Plow 2-Wheat Draft Animals 3-Rye Watermill 4-Oats Three Field System 5-Vegetables Lord/Peasant Coop Round 3 HOW DOES TECHNOLOGY CHANGE PRODUCTION Why People Trade 1 2 3 4 5 126 25.2 Round 1 Total Round 1 Average 181 36.2 Round 2 Total Round 2 Average 239 47.8 Round 3 Totoal Round 3 Average Round 1 18 23 29 26 30 Round 2 33 34 38 39 37 Round 3 65 51 38 26 59 50 45 40 35 30 25 20 15 10 5 0 Round 1 Round 2 Round 3 Round 1 Round 2 Round 3 WHICH ECONOMIC SYSTEM WAS FEUDALISM? Traditional System Command System Market System What, how and for whom are decided by tradition What, how and for whom are decided by an individual or group in authority What – whatever is profitable How- least costly method For whomwhoever will pay the highest price ASSESSMENT What are three economic questions all societies must answer? What type of economic system is the manorial system most like? How do incentives change production? How does technology impact output?