 MME
107-108
 Notes over Section 2
 Go over Note Cards
• Answer 2, 14-16, 18, 34, 36, 43-52
• Use notes and the book Chapter 5 section 1
 Ch. 5
review 1-18, 20, 21-23
High Middle Ages
Section 2
1.
2.
3.
4.
5.
6.
7.
What country was the revival site of
trade in Europe?
Fish, fur, and timber were goods that
were traded from where?
What was the Hanseatic League?
Define Barter Economy.
Define Domestic System.
Define Market Economy.
Define Usry.
 F2-
System of Human Organization
 4.3.5 -Western Europe to 1500- Explain the
workings of feudalism, manorialism, and the
growth of centralized monarchies and citystates in Europe
 Roman Catholic Church impact on society
 Trade lead to the growth of towns and cities
 Role of the crusades
With
the Collapse of the Roman
Empire
• Trade died in Western Europe
Crusades
• Trade grew in Europe Again
• Italy was the earliest site of
trade revival
 Italian
city-statecarried crusaders to
Palestine
 Return trips, they
brought back goods
from Asia
 Overland trade route
led to the growth and
increasing wealth of
cities along its path
 German
cities on the Baltic & North Seas
• Became important trading cities- North West
Europe
 Germany-
weak central government
 German trading cities would unite to
form the Hanseatic League
 Trading post:
• England
• Flanders
• Russia
• Scandinavia
 Rules
were strict
 If caught not following rules
• They would lose trading rights
 If
a country tried to take away the rights
of a single member of the Hanseatic
League, the league would stop trading
with the country
KEY
Black Hanseatic
Other Italian city-st
 Demand
for exotic Asian goods
 Luxury product
• Dyes
• Silk
• Medicine
• Spices
 Manufactured
• Cotton
• Cloth
• Linen
• art
goods
 Asia supplied
• Fruit
• Grain
• Rugs
• Silk
 Baltic
• Fish
• Fur
• Timber
 Spain
• Leather
• Oil
• Soap
Europe
 France
• Wine
 Venice
• Glassware
 England
Flanders
&
• Fine woolen Cloth
 Villages-
Market days
 Selling goods during church festivals
 Local rulers placed taxes on items
• Armed guards protected merchants from
robbery
 Barter
Economy- Goods and services
were exchanged for other goods and
services without using money
 Used at fairs
 Domestic
System- manufacturing took
place in workers homes rather than in
a shop or factory.
 Woolen industry
 Began in towns but would spread to the
country side
 Bank-
Latin word banca “money
changer's bench”
 Changed currencies at fairs
 Rulers, nobles, merchants would barrow
money
 Middle ages Jewish people could not
own land, or be skilled workers, so
they became moneylenders.
 Usry- Charging interest
 Capital-
wealth that is earned, saved,
and invested to make profits.
 Used capital to pay for a new business
 Market economy- land, labor, and
capital are controlled by individual
persons.
 The medieval market economy formed
the basis for our modern capitalist
system.