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Unformatted text preview: Was there a crisis in the late Medieval Economy? Robert Lopez. The Commercial Revolution of the Middle Ages, 950-1350 (1971) • Commercial Revolution in Central Middle Ages: increase in agriculture, manufacturing and trade; innovations in business organization and finance • Severe economic decline in Late Middle Ages, 14 th and 15 th centuries, occurred as a result of various disasters • Recent historians have been revising the interpretation of Late Middle Ages, they do not see the Middle Ages as being totally disastrous, there was no depression just a series of ups and downs in the economy of this time • Business historians argued that the Medieval community survived the crisis, adapted to them and took advantage 1. Crises of the Late M iddle Ages 1. Climatic Change • Late 13 th Century, beginning of the Little Ice Age, this colder climate lasted for the next 500 years, the transition years to this colder climate were especially bad, there was bad flooding that devastated the low countries • Growing seasons shortened and bad harvest • 1315-1317 a great famine hit Northern Europe, grain prices skyrocketed and widespread famine, malnutrition and disease...
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- Spring '10
- Middle Ages, Northern Europe, pneumonic plague, Late Middle Ages, plague birth rate