Early Economy Flashcards
How can we describe the late Roman economy?
As a monolithic economic system.
Why was the late Roman economy ‘sophisticated’ (for its time)?
Due to a specialisation of labour leading to luxury goods such as pottery becoming readily available empire wide.
Why was there a specialisation of labour in the late Roman economy?
High levels of specialisation and commercialisation existed due to the services required by the standing army and state-sponsored grain subsidies, however they were not the only players.
What is one reason for the huge product circulation within the late Roman Empire?
Due to the state buying products in bulk, moving them across the empire on state subsidised transport (due to its great expense) to support citizens and soldiers.
Characterise the polarisation of wealth in the late Roman Empire:
The huge engagement with the population meant that some upper echelons greatly benefitted from. Rich landowner profits, poor land toiling for subsistence.
How was the taxation system catered for elites in the late Roman Empire?
There was heavy taxation to support the army, and super rich elites were completely exempt no matter their geographical location.
What percentage of the Roman population owned 50% of the empire’s wealth?
1.5%.
Briefly outline late Roman urbanisation:
Complex economy allowed urban life to evolve- elites invest in city infrastructure and economies which sustains specialisation of labour.
What was the change in architecture between the late Roman Empire and early medieval economy?
- Lack of wealth distribution due to cut ties.
- Super rich couldn’t keep all land holdings due to fragmentation of empire.
- Change in countryside life from showing-off in lifestyle to objects (e.g. jewels).
How can we describe early medieval wealth?
There was less of a solid definition of what wealth was, partly due to the historiography, partly due to wealth being founded upon objects rather than livelihoods.
What was a money-raising tactic in the early medieval era?
Raiding was a legitimate wat of collecting resources and often aided the military too.
What was the state input to the late Roman economy?
State and private input both have effective economic sophistication, often working together. This influence was of little concern to the common consumer.
What does state and private input into the Roman economy depict about the late Roman economy?
The strong relationship between the centre and the periphery which was unheard of in the medieval era.
Characterise the early medieval urban life:
Less of an urban/rural divide. Use of Roman buildings but not for same reasons (topographical continuity)
What was the position of elites in the early medieval economy?
Lords are much poorer than Late Roman elites.
What is a key example of early medieval urban environments?
Dorestad, the Netherlands.
What was the population of Dorestad in 675 AD?
8000, for 200 hectares.
What were the functions of early medieval urban areas?
To serve economic needs, not social hierarchies. No cultural element, share of responsibilities and market life.
What was one of the functions for more eastern early medieval urban areas?
‘Towns’, although not recognised as such, were important in levying tolls.
In what period was there no effort to build towns?
6th-9th Century.
Who argued that there was a ‘Peasant’s Golden Age’ in the early medieval period?
Chris Wickham.
Why can it be argued that there was a ‘Peasant’s Golden Age’?
Lords were poorer than Roman elites as they didn’t take surplus from the peasantry. The less complex taxation systems alleviated some economic stress.
When did lords start exploiting their peasants?
9th-11th centuries. Emergence of manorial systems becomes apparent. Prior to this- just a tithe taken.
What three factors depict peasant life in the early medieval period?
- Low production, low population= no economic growth.
- Loss of luxury belongings due to lack of trading routes.
- Deficiencies and illnesses follow on from empire, no particular indication of improved well-being.
Why was there a move towards the exploitation of peasants?
Restrictions on raiding and pillaging, emergence of manorial systems.
By 1000, what was the primary focus of lords?
Revenue became more significant a concern than peasants wellbeing.
How can we characterise the early medieval economy?
As a cereal mono-culture. Quick harvests with high yield, yet risky as only crop is cereal. Detrimental to nutrition.