Impact Of Trade On The Economy: The High Middle Ages

The High Middle Ages began from 1000 AD to 1300AD. During the High Middle ages, Trade had began to make an Impact on the economy. The meaning of Economics is, a system of producers and consumers making choices on resources on how to satisfy needs and wants. The definition of culture is how ideas of society has been expressed. The meaning for trade, is to import and export goods, for example for goods they should during the High middle ages would be silk, wool, gems and etc. The definition for consumer is, a person who uses a produced goods and service. A consumer is also known as a household sector. A producer is individual or business which involves the production on goods and wants. The three trade patterns are silk, Wine and Slavery. During the high Middle Ages, Trade had made an

Trade in The high Middle Ages had made an impact in The Europe culture. The result of trade had changed the culture, and had introduced more to Europe such as Banking. Trade influenced groups in society and the development of towns. The economy had changed as more people has wanted justice for their money they earned. Towns developed and belonged to local lords, who demanded taxes and labour from their income. Businesses of selling goods increased as Merchants traveled. According from jacaranda Plus, "Merchants established businesses in Europe's towns and cities." The want for luxurious fabrics such as Silk from China had caused a high Demand in the High Middle ages. Silk played a significant role in the Middle Ages culture and society. Wearing silk could identify a persons social status. For example the Kings and Queens, and loyal Lords wore this material. There were rules on when you could wear it and who wore it. King Edward III made a law that only royalty