Poverty
Michael F. Cusato
The seismic economic changes that occurred in Western and Central Europe roughly between 950 1300 known to historians as the Agrarian Commercial revolutions had profound, long-term ramifications on life societal structures of continent. Indeed, so dramatic were these socioeconomic developments modern Anglo-Saxon particular feel justified distinguishing former period from one followed: an early a high Middle Ages. classic accounts this transformation European mainland relate how, with cessation last external threats region Great Invasions – defeat 951 Magyar forces central Germany by Otto at Lech River relative internal calm descended upon Europe. elimination open warfare defensive entrenchment paved way for resurgence agricultural productivity, renewed movement trade surpluses across regions, redevelopment old Roman road system, rebirth town (especially northern Italy Flanders), revival commerce within urban spaces and, most characteristically, reemergence use money (coin) neutral means exchange diverse peoples, subsequent development concomitant institutions lending banking.
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