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Growth of Trade and Towns

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Presentation on theme: "Growth of Trade and Towns"— Presentation transcript:

1 Growth of Trade and Towns
The Late Middle Ages

2 Big Picture Questions to Consider During This Unit
How did the growth of towns decrease the power of feudal nobles? How did the growth of towns change the social structure in Western Europe?

3 Barriers to trade during the Early Middle Ages
The Manors were self sufficient There was little money available for trade The roads were poor and there were few bridges that had survived from the Roman Empire Church rules: “just price” – no profit allowed Usury forbidden – no interest could be charged on loans

4 Timber Wool Leather Grain Wine Armor Fish Oils
The Crusades had caused an increase in the demand for trade The Muslims in the East had been exposed to new products from Europe Timber Wool Leather Grain Wine Armor Fish Oils

5 Perfumes, Dyes and Medicine
The Crusaders had brought back products from the east that were now in demand in western Europe Cotton, Linen and Silk Perfumes, Dyes and Medicine Gold, Silver and Ivory

6 Trade Routes Emerge International trading began in Italy – Venice & Genoa

7 Trading spread from Italy to Northern Europe first following the rivers, and then by ship - hugging the coastline.

8 The cities in Flanders & those of the Hanseatic League began to spread trade in northern Europe

9 Markets and fairs emerged as a way for the towns to trade with each other.

10 Increased trade led for the need of more products = manufacturing
Domestic System – All work done at home. Trader buys wool Sells product to highest bidder

11 What is “Capital? Increased trading leads to investment.
People start building capital. What is “Capital?

12 A market economy emerges – Land, Labor and Capital is controlled by individuals.

13 Rise of the Middle Class
Social Changes created by the growth of towns. Rights of townspeople Guilds Form Rise of the Middle Class Merchant & Banking Families Gain Power & Influence

14 Rights of Townspeople Freedom: If no one challenged the status of an “escaped” serf for a year and a day, they became free. Townspeople did not have to perform services for the Manor. Town Justice: Towns had their own courts – were not under the control of the Lord of the Manor Commercial privileges: Townspeople could sell goods and products freely without getting the Lord’s permission.

15 Soon Guilds Began to Form in the Towns
A Guild is an association or a group of people who are engaged in the same business or the same trade or profession There were two types of Guilds: Merchant Guilds and Craft Guilds Today a Merchant Guild might be the local Chamber of Commerce, and a Craft Guild would be a Union

16 Merchant Guilds - Exclusive right to trade in the town
- Outside merchants had to pay a fee to trade in town. - Made loans to members of the Guild - Supported widows & orphans of deceased members

17 Craft Guilds - Set hours & conditions of labor
Regulated quality of work Made loans to members and helped out poorer members

18 Stages of Craft Guild Membership
Apprentice: Age 7: Parents sent boy to work with Master and learn trade (3-12 years)

19 Journeyman - Worked for daily wages. - Became a master by
submitting proof which would be judged by masters.

20 Master Master could start his own business, train apprentices and hire journeymen

21 The increase in trade and commerce caused a change in society
The Rise of the Middle Class

22 Middle class was called burgesses in England and Burger in Germany.
Why did the Middle Class gain so much political power in Western Europe?

23 Medieval Towns

24 Medieval Towns: No street lighting No police or fire department
Ranged in population from 5,000 to 80,000 No street lighting No police or fire department Narrow streets – dark buildings – little sunlight Houses often cold and damp in winter – hot and stuffy in summer No sewers – trash in street – animals wander in streets

25 Overcrowded and unsanitary towns became an excellent breeding place for disease, especially……
The Black Death

26

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28 How did the plague impact the social, economic and religious institutions of Europe.

29


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