Money medieval period
In the medieval period, money was not very important and the only indication of how wealthy some one was base in how much land some one had. Land was not something that did not circulate the way it does today. After the collapsed of the Roman Empire, the biggest landowners were the church follow by the landed nobility. The monarchs some times own a plot of land that rented out to the state. Between 476-1000 Europe was isolated in a way from the rest of the trading world. During the medieval period, there was no direct external trade.
Money was not important during this period and it was not central part of the economy. Instead, everything that was produce was mostly use for local consumption, but that was about to change. After 1250, the entrepreneurs began to recognize that there were certain recourses that were needed by other localities. They realized that they could produce and explode these goods.Italians for example began to produce salt. England started to explode coal. Commodity production increase in volume in Europe. As the trade with the orient grew the importance of money grew too. If the money became more important the merchants, money handlers, entrepreneurs became more important in society. Because of this, the interaction of this different sectors increase and became more independent. The coming together of these sectors gave birth to the Bourgeois (1200-1300). In the 1400, a new time of money handle ling institutions emerged. Read more…