Medieval Economics

What time period is referred to as the High Middle Ages?

• 11th and 12th century

• 12th and 13th century

• 13th and 14th century

• 14th and 15th century

Who had the power to levy and collect taxes during the High Middle Ages?

• Kings

• Peasants

• Knights

• Guilds

How did knights typically behave, according to the transcript?

• They were always heroic.

• They helped farmers.

• They never collected taxes.

• They were often thuggish.

What was one way peasants could become free?

• By becoming knights

• By paying more taxes

• By moving to the city and staying there for one year and one day

• By working for guilds

What was a major requirement for someone wanting to become a shoemaker?

• They needed to be a knight.

• They had to apprentice for up to seven years.

• They had to own a shop immediately.

• They needed to sell spices.

How did guilds affect competition among shoemakers?

• They helped consumers.

• They created more jobs.

• They eliminated competition.

• They encouraged competition.

What was a reason that guilds kept the supply of shoes low?

• To charge more for shoes

• To sell shoes to other towns

• To increase the number of shoemakers

• To improve transportation

What was one reason the guild system began to break down?

• Increased taxes

• The Black Death

• The invention of new technology

• The rise of knights

How many Europeans were killed by the Black Death over four years?

• 50-70%

• 20-30%

• 30-50%

• 10-20%

What economic system began to emerge after the decline of feudalism?

• Modern economy

• Barter system

• Agricultural economy

• Guild economy