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Commerce In Medieval Times
Commerce and Trading In Medieval Times
As the fortunes of merchants, bankers, and tradespeople improved, they had more than enough money to meet their basic needs for food, clothing, and shelter. They began to desire larger, more luxurious homes, fine art for these residences, sumptuous clothing to show off their wealth in public, and exotic delicacies to eat. These desires of the middle class stimulated the economy.
The Hanseatic League set up trading posts
Flanders became a meeting center of different trade routes
Italian ships brought trade goods from Asia
The Holy Roman Empire did not have a powerful government; merchants on the Baltic and North Sea got together and formed the Hanseatic League. The Hanseatic controlled much of the trade in north-central Europe.
Flanders was the name given to a to a region of northern Europe which is now part of France, Belgium and the Neverlands. Flanders became important because it was a meeting point of several different trade routes. Merchants from all over Europe came to Flanders to find rare foreign trade goods.
Italian ships were responsible for transporting many of the crusades to the middle east. When the ships returned they brought with them Asian trade goods. Italian city states such as Venice, Pisa and Genoa controlled the trade in the Mediterranean Sea. Gods were shipped from Asia to Italian port. The goods were then transported overland to other cities in Europe.
Commerce
Viking ships brought Asian goods to northern Europe
In addition to being feared conquerors, the vikings were also shrewd merchants. Viking traders carried goods from Constantinople to cities in northern Europe.
The growth of cities and empires fostered the growth of markets. Market exchanges encouraged specialization and the transition from barter to monetary economies.In the early middle ages especially in this time period coming out of the dark ages everything economic was centered around futile manner, the production of food or even goods and services all of those things took place on the feudal manor itself.
Five Factors that Led to trade in Europe
The Crusades stimulated trade
European trade expanded as a result of the Crusades. Italian cities became major trading centres. Ships carried crusaders to the Holy Land and returned with food, spices and goods from Asia. Europeans began buying goods like apricots, lemons, rice and sugar.