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Trade in Medieval Europe
Trade in Medieval Europe
By Valerie MacIver
Although it's a lot of work,
trading played a huge roll in the
functioning of the economy in
Medieval Europe.
Back then, merchants
spent time growing what they needed
and trading the excess for what they
couldn't grow. Now people spend their
time attempting to find ways to save time.
By the 12th century Europe had became richer and more goods were being made to use for trading- not just for personal needs.
Some goods that were traded from place to place were woolen garments, salted herring from the Dutch, salt exported from France, wool made in Spain, and wine as well as fruit and oil from Europe.
More jobs were made for the people when trading methods grew more complex so more paper work was needed.
This meant merchants employed clerks and scribes for assistance in the tasks of making letters, writing orders, bills of sale, orders, contracts to suppliers, and documents promising payment. Having more job options like this helped the economy.
Bookkeeping was developed in order to keep track of money in Medieval Europe.
A debt could be recorded on a tally stick. Once the debt was paid off the stick was either discarded or kept as a record. Medieval Europe had banks where people could take out loans.
Europe had lots of trade routes that dealers, employers, and ship owners traveled on to trade their goods to exchange for other ones. Transportation was faster because of the designated routes for trading.
Sources cited:
Encyclopedia Britannica
Medieval Life by Andrew Langley Publisher: DK Publishing, Inc. 2004 (Eyewitness books)
www.blackstudies.ucsb.edu/antillians/trade2.html
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