際際滷

際際滷Share a Scribd company logo

The Feudal Economy

T
Tomi Anania

The feudal economy was regionally based and self-supporting. Peasants worked small strips of land in exchange for rent and to fulfill their own needs, with little trade. In towns, industries were organized into guilds that controlled production, output, quality, and prices to limit competition. Agriculture and restricted trade between regions meant a small money supply. Guilds dominated local economies until the late 15th century.

1 of 8
Download to read offline
The Feudal Economy Catalina Rela - Bautista Olaizola - Tom叩s Anania
Introduction Economic system regionally based, self-supporting Peasant - Lord relationship Shelter & Small strip of land cultivate, animals Rent $ Own needs Little trade with towns craftsmen Luxury Harvest gentry & servants
The Feudal Economy
Guilds In towns, industries were organized in guilds. Only man could enter the guilds. This was a clearly limitation for the woman economy and social power. The craftsmen were in charge of the production. They own their tools and had a single shop.
Power of the guilds Only guilds members could sell and produce products in the region They controlled the output, the number of workers, the quality of the goods They maintained a monopoly production This guilds tried to eliminate competition and limited the production so the demand didnt outstrip, this also made prices fell
Lasted until the end of the 15th Century. Agriculture was one of the most important characteristics of the social and economic life. Commerce with outside economic regions was restricted. The amount of money was very small because trade was limited. Economy
Glossary Guilds: any of various medieval associations, as of merchants or artisans,organized to maintain standards and to protect the interests of its members, and that sometimes constituted a local governing body. Gentry: the class below the nobility. - An upper or ruling class; aristocracy - Those who are not members of the nobility but are entitled to a coat of arms, especially those owning large tracts of land - The state or condition of being a gentleman. Outstrip: to exceed, surpass.
The End

More Related Content

The Feudal Economy

  • 1. The Feudal Economy Catalina Rela - Bautista Olaizola - Tom叩s Anania
  • 2. Introduction Economic system regionally based, self-supporting Peasant - Lord relationship Shelter & Small strip of land cultivate, animals Rent $ Own needs Little trade with towns craftsmen Luxury Harvest gentry & servants
  • 4. Guilds In towns, industries were organized in guilds. Only man could enter the guilds. This was a clearly limitation for the woman economy and social power. The craftsmen were in charge of the production. They own their tools and had a single shop.
  • 5. Power of the guilds Only guilds members could sell and produce products in the region They controlled the output, the number of workers, the quality of the goods They maintained a monopoly production This guilds tried to eliminate competition and limited the production so the demand didnt outstrip, this also made prices fell
  • 6. Lasted until the end of the 15th Century. Agriculture was one of the most important characteristics of the social and economic life. Commerce with outside economic regions was restricted. The amount of money was very small because trade was limited. Economy
  • 7. Glossary Guilds: any of various medieval associations, as of merchants or artisans,organized to maintain standards and to protect the interests of its members, and that sometimes constituted a local governing body. Gentry: the class below the nobility. - An upper or ruling class; aristocracy - Those who are not members of the nobility but are entitled to a coat of arms, especially those owning large tracts of land - The state or condition of being a gentleman. Outstrip: to exceed, surpass.