The Commercial Revolution
- As the Three Field System, iron plow and windmill/water
mills start to help the population of Europe expand, news
goods are needed to support the growing Manors.
- Invasions and warfare decline, allowing for safer travel.
- In response, new trade routes form all over Europe. Trade
itself is conducted at trade fairs. These were semi-
permanent bazaar-like settlements where large numbers of
merchants gathered to buy and sell with local populations
and each other.
- Slowly, such fairs actually develop into the first true
medieval cities. Winter weather forces some merchants to
remain permanently. The presence of the trade route
discourages them from leaving. Artisans flock to met the
needs of these merchants and before long, cities are born
at these trade locations.
- Usually, the local lord would issue a charter, to the
merchants seeking to set up a city/town.
- Middle Eastern business practices are adopted by
- The presence of money begins to breakdown the medieval
society’s social fabric. Serfs begin to pay rent, making them
- Guilds begin to control businesses by regulating entire
industries/trade in a town.