Lesson 7 - Towns and Cities Flashcards
What are 2 points about Towns and Cities?
- Location and trading opportunities encouraged the growth of towns
- People wanted to live close to the castle as it made them feel more secure
What leads to the bourgeoise?
middle class
What 2 things did the middle class do to lords?
- They wanted to control towns and their trade for their own benefit, not the lords
- They tried to get the lords to sell them a town charter
What 4 things did this give the middle class the right to do?
Hold a market
Control prices
Make and administer laws
Elect a mayor and town council
What did merchants have to do to enter a town?
Pay taxes
How did towns develop?
Towns developed on land belonging to local lords who demanded taxes
Where was silk traded from?
China, Persia, and Syria
Where was cotton from?
Egypt and India
Where was ivory from?
Ethiopia
Where was Pearl from?
Persian Gulf and Ceylon
Which city was the first to develop banking and money?
The city of Genoa was one of the first to have people develop banking and money changing as a business.
What are the 3 points about banking and money exchange?
- Over time, instead of money, merchants used bills of exchange guaranteed by one of the newly emerging Italian banks.
- Florence’s Peruzzi and Medici banking families had agents in every major city organising loans at high-interest rates.
- Bankers disguised the loans in various ways to avoid disobeying the Church’s money lending ban.