CAP WORLD HISTORY H
Storyboard Text
- Scene: Main Goods Traded
- Scene: Benefits Of Trade
- Scene: Trade Start In Medieval Europe
- Important goods included wool, salt, timber, beer and wine. At the same time, trade with the East was mostly in imports since these regions had their own native agricultural classes. The real impact of the new trade routes were to increase trade across Europe.
- Scene: Effects Of Trade
- The expansion of trade drew more and more rural communities into the market economy, and links between countryside and towns grew stronger. Manors lost a large measure of their self-sufficiency as they participated more in the money economy.
- Scene: Partners
- From around the 8th until the 15th centuries, Venetian traders ran a virtual monopoly on trading with the Middle East and Asia. Materials including silk, herbs, spices and drugs traveled from South Asia over the Indian Ocean to the Middle East, where merchants transported them overland to Europe. International trade had been present since Roman times but improvements in transportation and banking, as well as the economic development of northern Europe, caused a boom from the 9th century CE.
- Scene: Expansion Results
- Trade led to alliances between towns, each town specializing in different crops and relying on each other for their supplies. The distinction between classes became less pronounced as people were trading and able to get exactly what they needed without working quite as hard.
- One of the most important trade routes of Medieval Europe was the Silk Road. This network of trade routes connected East Asia and Southeast Asia with South Asia, Persia, the Arabian Peninsula, East Africa and Southern Europe.
- The expansion of medieval trade has been attributed to advanced business techniques, such as the appearance of new forms of partnerships. Many economic historians have also emphasized merchants' relations, the making of networks to organize trade. The growth of trade led to the rise of the first large trading centers of the later Middle Ages. They were located on the important sea routes that connected western Europe with the Mediterranean Sea, Russia, and Scandinavia.
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