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Trade and Towns14.2
ObjectivesIdentify which cities saw the initial growth of
trade in the Middle AgesAnalyze why those cities saw this growth
Explain why cities grew during the Middle Ages
Appraise daily life in the Middle Ages
Growth of TradeLondon as case study
Crusades and Trade
Controllers of Trade ItaliansNorthern Europeans
Italian Trade CitiesFirst in Europe to build thriving trade economy
Sailors explore Mediterranean and Adriatic SeasForeign goods and valuables
Venice – Trading cityProtection from the sea
Trade with Byzantium, Muslim LandsAcquired goods from further EastSilk, spices (China/India)
Italian Trade CitiesGoods arrived in Venice
Loaded onto wagons and brought North
Cost of goodsReasons for cost
Creation of Trade Routes throughout Europe
Why this creation of trade routes?
Trade Routes of Europe
Hanseatic LeagueItalian dominance in Southern Trade
Northern Trade RoutesHanseatic LeagueNorthern German cities and towns
Promote/Protect Trade
Region of Trade – Russia, Baltic Region, and Europe
Trade Fairs and MarketsGetting goods to customers
Trade fairs emerge
Held in towns – drew large crowdsMerchants willing to travel
Trade amongst merchantsDifferent parts of the economy
Goods tradedFabrics, spices, animals, etc.
Trade Fairs and MarketsHeld once a year (in different cities)
Could last multiple months
Provided flexibility for merchants to travel
Fairs for the merchant class
Markets for the average person
Trade Fairs
Money and CreditReemergence of money (not common)
Payment for work was goods
Cities made own coins
Money became central to economic successPayments, taxes, etc.
Emergence of Credit – promise of later payment
Creation of European banks Jewish Banks
Technological AdvancesTechnological advances
Farm technologyHeavy plow – increased number of goods on farmsWater millWindmillFarm-life to city-life
Free TownsConducting trade
Local lords controlled area
Charters for new towns requestedMerchants ran towns in exchange for taxes paid to
king/lord of area
Quick emergence of towns
1300:Paris and Rome populations 100,000London and Florence populations 75,000
GuildsCraftspeople needed protection
Organization into guildsSame occupation
Restriction of competitionSet standards and prices for productsMutual protection and quality control
Training of future generationsApprentices Journeymen
Daily Life in CitiesSmall and crowded
Narrow, winding streets
Dark interiors of buildings
Fire, crime rampant in cities
Churches, meeting halls, markets
Entertainment
Great Wide World