industry and trade

Question 1

what was important addition to the economy

Answer 1

silk

• -byzantium became the principal supplier of silk to lands in the mediterranean basin
• -the govnt monitored everything to make sure there wasn’t a monopoly

Question 2

trade

Answer 2

important

• -their coin (bezant) became the standard currency of the Mediterranean basin
• -becomes the W anchor to the Eurasian trade network (Persia, Asia, China)

Question 3

what organized and fueled trade

Answer 3

banking and partnerships

Question 4

banks

Answer 4

lent to people trying to make business ventures

–partnerships; pool resources together and limit risks