The Medieval Economy
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- čas přidán 7. 07. 2024
- Here we explore the origins of the medieval demographic boom that began around 1000, which saw a growing population become more urbanized and subsequently develop a commercial economy throughout Europe.
Speaking of the Silk Road I read once that the doge of Venice was said to have cried when he heard the news of the Portuguese circumnavigating Africa around the cape of good hope. People tried to calm him saying how far a journey it was and that it was only one country but he knew, it might be 10 years, 50 maybe even 100 years but eventually the fact that Europe could go to the East itself spelled doom for Venetian power.
Well, now I have fodder for my novel, it'll help me develop the world is a realistic manner, thanks Doc
12:00 Arabic numerals are Indian numerals. They were called Arabic numerals by Europeans because Fibonacci learned of them from Middle Eastern merchants. In the Middle East they called the decimal numbering system the Hindu numbering system.
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I love economics and I love history. This is exactly the type of niche subject I come to CZcams for. Thanks for the great presentation!
Thanks for you kind words. I am glad you enjoyed it!
Same here! @dr. Dave the Historian your content is amazing! Best fit for me without a doubt. Thank you so much and please keep on the amazing work!
Latin numerals for 1338 = MCCCXXXVIII.
That why Arabic numerals are better
The mini ice age started with either a meteorite or volcano (possibly krakatoa), causing a two year winter, poverty, plague, etc.
Interesting that we have recovered to the pre-mini ice age temperatures
Thank you for this video!
Extremely interesting!
One step closer to make a plot on how to decimate another rival empire’s economic spine and kidnap their daughters and wives!
Thanks, Dr. Dave for clarifying some key historical events and developmental periods with regard to trade and commerce within the Medieval Period!!!
I can understand how trade developed among a small, elite group of economically wealthy and powerful nobles and barons in the Middle Ages. However, how did the economy develop with regard to common people?
First of all the vast majority of people were agricultural peasants or serfs who had little monetary purchasing power. So they have to pay taxes in agricultural and animal produce to their knights and higher up lords. So the lords have more food than everybody else comparatively. So the lords have to sell their acquired food to the townspeople shopholders and artisians to get money for military hardware and construction fortification projects. Now the peasants need money too in order to pay increasing monetary taxes. So where is there adequate market demand for the food? There's only a relatively few people living in the towns.
And where the xxxx do the towns people sell their goods and services if the vast majority of people have limited consumer monetary purchasing power???
Please excuse my language. Understanding Medieval Times in 2022 is quite challenging. However, If I could be transported through time to the Middle Ages the Townspeople would assure me that I would develop clarity rapidly with regard to how society is structured and operates during the 12th Century!!! However, they would also explain the unfortunate reality to me that my learning process could potentially be extremely painful!!!
Thank you for your video!
Wow very good lecture! Fascinating history!
Very thorough, thanks!
Very informative. Will be good, if u send presentation.
The annual bath thing actually comes from the Renaissance period not the middle ages. The had bath houses in medieval towns and they'd often get the plauge in the bath house so they started avoiding them.
Props and thanks for putting forth the effort to make this.
Amazing
Thank you for making the video. Lots of excellent content, but there were a few things that I would challenge outright, or that could benefit from a little more information.
How does an increase in ag surplus directly lead to urbanization? How do people get "freed up" to move into cities. I see of course how it is materially favorable for this to occur, but want to know how it happened.
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In truth, around 1350 or so, temperatures began to drop severely, heralding in what is called "the little ice age", which lasted until around the mid-1700s. So the temperature climb that climate alarmists claim began with the advent of the industrial revolution was actually due to the end of "the little ice age", when temperatures began to climb back up to what they normally would be during a non-glaciation period, which has happened numerous times on this planet.
That doesn't disprove contemporary climate change is caused by humans.
Bank family dont take interest. They Charge late payment penalty. If you pay due time u got blacklist from giving money back on time
Shit that type of economy is really similar to the one we have in argentina
11:00 that just made zero sense. During the time of the silk road Europe was not richer than most of the cities along the route.
How much coin do you think the average peasants carry on hand?
I'm no historian but from what I've come to understand is that peasants mostly traded commodities and services.
But surely coins were useful to them, they're so much more convenient than carrying around goats and shovels to barter with! I'm curious as well.
👍🧐👍- All I remember is normally Ships/ Sailors/ Churches had a Small to Large assortment of Coins. Always loved the PIECES of EIGHT movie references / History of English Coinage Development Videos! PS- the “ USURY “ Cultural/ Religious Restrictions and Monopoly played such a MAJOR aspect / Scape-Goat Racial & Religious Wars and As a Political Leverage to “ Violently Rally “ around! From the Africa-Barbados-Europe Slave trade throughout the EONS Past! Crusades, Economies, STALIN & HILTER Propaganda Speeches. ALWAYS been under Published/ Documented or seen in Books or Movies! DEFINITELY NOT in any HOLLYWOOD 🎞️.
They probably kept their coins at home unless they needed them. In a town they might carry a small pouch of copper or a few silver coins.
Trade is only good as long as you have something to trade. If you have nothing to trade than what it becomes stagnate. Gift Economy would be a better approach because not all the time does someone have something to offer for trade. Those trades or better gifts to country B would be a much better process. If not than Country A becomes a hoarder & withholding goods, materials, resources from Country B.
Jacque Fresco › We talk about civilization as though it's a static state. There are no civilized people yet, it's a process that's constantly going on... As long as you have war, police, prisons, crime, you are in the early stages of civilization.
The Game of Trade breeds bad behaviours that create lots of problems for everyone: pollution of the environment, corruption, slavery, lies, killing of animals, and so on. The problem is that most people believe that human behaviour is the problem or the CRAP they create. So they either try to punish and change people's behaviour, or make the CRAP they create less crappy. And so those who try to fix this world are trapped in a loop because they don't address the 'elephant' in the room (the force): what makes people behave so badly.
Why was the warmer climate a positive factor for civilization in the middle ages, but is assumed to be only a negative factor when it comes to the current time period?
Because people of the middle ages could be more productive for longer periods of a year, being in a more comfortable and fertile climate. Whereas now with the dramatic population increase and our effect on said climate, things are escalating to the point where we're getting a lot more events like hurricanes and forest fires, and there's an ever-increasing risk of coastal flooding.
I think it's an amount thing really, Dr Dave mentioned that the largest cities on earth were home to 400,000 back in the early medieval period, and that there were only three of said cities like that; however, there are 548 cities (as of 2018) that have a population of more than a million.
@@j9ikkjiju You seem smart so, if you think the natural disasters that are occurring are because of "our effect on said climate" you really should do some more research. I'm not causing climate change and neither are most humans, but the few who pollute for profit and destroy for power and the militaries of the world are responsible for these things. Take a closer look into the fires or really any of the disasters to find what you're missing..
@@johnny5isalive2020 you used a lot of words to say nothing.
@@johnny5isalive2020 So basically you're saying it's our effect .... capitalist minded world leaders try to raise OUR (or at least "some" of us like the 1%) living standards to raise thier own power , depending how you see it, and business leaders provide goods that WE have to buy.
@@prodbasedmystik That's part of it, but you must consider the other factors affecting climate change, aka natural solar, terrestrial and underground phenomena, and then if you want to look at the impact humans have made, I would wager 98% of this horrible pollution that's destroying everything is caused by tiniest of interests; government, banking, religion, the tools of control. Then look at the way things are being done: the most wasteful and irresponsible or even downright destructive methods are the only ones available? It's not about money, power, or control, it is only about the continuous destruction of humanity! We've been ensnared..
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Pls teach properly
Learn better, skill issue