Economy
The period after the death of Charlemagne was marked by an economic crisis caused by political instability; town life all but disappeared. However, this had changed by the 11th century. The introduction of new crops, the improvements in the climate, and the introduction of new agricultural technologies created a large agricultural surplus. This was accompanied by the growth in town life, trade, and industry. The economy once again collapsed in the fourteenth century because of war, bad weather, and the Black Death.
The rural economy was based on the manor; in urban areas economic activity was organized around guilds.
Read more about this topic: France In The Middle Ages
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)