Lec 18_notesMedieval Trade

Lec 18_notesMedieval Trade - European Economic History...

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5/10/10 European Economic History Medieval Trade: Impersonal March 3, 2010 C. Shiue
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5/10/10 Currencies and money Money appears when goods are exchanged, but “money” may be anything Salt crystals (Upper Senegal & Upper Niger); Cotton cloth (Gulf of Guinea); Slaves; Horses; Sea shells (African coast); dried fish (Iceland); pelts (N. America)
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5/10/10 Markets Levels of markets Local markets in towns, meeting 1-2 X per week, or every day in larger cities— producer-vendors selling cloth, bread, wine, shoes, etc., to the buyer-consumer. Merchants and middle-men bring goods from local markets into markets of larger cities or to fairs (e.g. Fairs of
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5/10/10 Market development What were the institutional foundations of the national and international markets? Personal exchange—a trader knows the reputation of the trading partner. Impersonal exchange—a trader does not know the personal reputation of
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5/10/10 Late Medieval period, 11th- Centralized, national, law-based institutions did not yet exist. The basis for impersonal exchange,
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This note was uploaded on 04/29/2010 for the course ECON 4514 taught by Professor Shuie during the Spring '08 term at Colorado.

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Lec 18_notesMedieval Trade - European Economic History...

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