By Edwin S. Hunt, James Murray
A historical past of commercial in Medieval Europe, 1200-1550, demolishes the commonly held view that the word "medieval business" is an oxymoron. The authors evaluation the total variety of industrial in medieval western Europe, probing its Roman and Christian background to find the commercial and political forces that formed the association of agriculture, production, building, mining, transportation, and advertising and marketing. Then they care for the responses of businessmen to the devastating plagues, famines, and struggle that beset Europe within the overdue heart a long time. Medieval businessmen's awesome luck in dealing with this opposed new surroundings ready the best way for the industrial growth of the 16th century.
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Additional resources for A History of Business in Medieval Europe, 1200-1550 (Cambridge Medieval Textbooks)
This was followed in the thirteenth century by the horizontal broadloom, which not only had the desired effect of producing cloth of double width, but also eventually brought weaving productivity to a level not exceeded until the late eighteenth century. The treadle looms, especially the broadloom, which involved two weavers sitting side-by-side operating expensive equipment, effectively transformed much of industrial weaving into an urbanized maledominated occupation. Women continued to play a part, however, not only where the vertical loom was in use, but also in broadloom weaving, often paired with their husbands.
The gradual expansion of existing settlements was only one form taken by the opening of the medieval wilderness. Outright colonization was another, requiring the shift of peasants away from their native villages in order to found new ones some distance away. To secure these Economics, culture, and geography colonists, lords often drew up agreements with representatives of prospective settlers, offering terms far more favorable than those obtaining in the old population centers. In exchange for payment of a small tax per homestead, colonists in frontier areas usually received ownership of the land they reclaimed, the right to dispose of the property, and complete personal freedom.
But this fact obviously understates the complexity of today’s business environment, just as it fails to describe commercial reality in the Middle Ages. Already in the thirteenth century, the organization of business varied by trade and was evolving into more complex forms, as producers began to hire labor and forge associations to satisfy expanding markets and meet competition. And in the large trading centers, the resort to written con- Tools of trade: business organization tracts was becoming commonplace and the services of notaries eagerly sought.