Middle Age Economy The economy mostly seen in the early middle ages was feudalism, Europe’s form of government in the Middle Ages, was developed in the fifth century to meet the changing needs of the time. It was based heavily on the honor system. The king had overall power, then the lord, then the vassals, or landowners, and finally down to the peasants, known then as the villeins. The fiefs, or estates, could be rented out to one vassal who would then rent portions of the fief to three more, and so on. Each person would give their peer a fee (called the guild) and goods in return for protection. As an old medieval saying states, "No land without the lord, no lord without the land." The system became outdated in the 1400s. During the eleventh and twelfth centuries, Europe enjoyed an economic and a....

Number Of Pages: 3

Number Of Words: 663

Got a term paper due soon and need some help quick? You have come to the right place. Essay Galaxy has over 50,000 essays, papers, and reports available for download right now! Get ideas from thousands students just like you to help make that essay perfect. Don't hesitate. Join today and get instant access to our enormous database.

Membership Options Price Savings   1 month subscription    $19.95 recurring * 3 months subscription    $39.95 recurring $19.90 6 months subscription    $69.95 non-recurring $49.75