Chapter 10 Flashcards
became the new center of economic trade
manors
to exchange goods for goods
barter
controlled Mediterranean trade
Italy
There were three main routes, what was the Northern route known as?
the Silk Road
became primary centers for trade on the local level
markets
What were serfs now allowed to do?
produce extra goods and sell them for profit
What was bartering replaced by?
money
evaluated and exchanged money
moneychangers
Who shaped economic ideas?
the church
price that included the cost of materials, a fair return for labor expended and a reasonable profit
just price
the practice of charging interest for the use of lent money
usury
___ grew in importance at the markets and trade fairs throughout Europe.
Moneychangers
place where privileges granted to a town were recorded
charter
___ were important centers of exchange.
Towns
organizations that formed to regulate the business activities of a town
guilds
What were the craft guild members from lowest to highest?
apprentices, journeymen, masters
Germans that sought to control and organize trade in northern Europe
Hanseatic League
What new social class emerged?
the Middle class
killed a large portion of Europe’s population in the Late Middle Ages
The Black Death/ plague
What factors contributed to the decline of the feudal system?
Crusades,
the rise of the middle class,
fair trade
the center of activity within towns
Town Squares
What caused disease and epidemics to spread rapidly?
poor sanitation
Describe most towns.
small & enclosed by walls
the primary centers of education
Monasteries and Cathedrals
What did students of the Middle Ages chose schools based on?
their teacher’s qualifications
two of the earliest universities
Bologna, Italy & Paris
Students at ___ formed ___ to make sure that the teachers provided the education that they were paying for.
Bologna
a guild