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Unformatted text preview: Medieval Markets, Fairs & Long-Distance T rade Two Key Business Features of Central Middle Ages • Development of network of markets and fairs • Increase in international and long distance Trade 1. Markets Market: gatherings of a single-day’s duration, local ad retail trade predominated • During the central middle ages nearly every urban city could hold a market • Market were located in halls, wide city street and open squares • Peasants, Traveling Peddlers, shopkeepers and artisans sold at these markets • In central middle ages, lords and urban governments designated market locations, hours, fees, and other regulations 2. Fairs Fair: annual or bi-annual religious festivals, often honored a patron saint • Trade, feasts, entertainment were included events • Cycle of regional and international fairs developed as many areas celebrated at different times and locations • Fairs offered business opportunity for merchants • Authorities established regulations and guaranteed security for merchants • Law used at courts Merchant Law “lex mercatoria” not codified...
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This note was uploaded on 04/13/2011 for the course MOS 1803 taught by Professor Gogan during the Fall '10 term at UWO.
- Fall '10