7.4 Economic Recovery Sparks Change – Flashcards
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partnership
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-groups of merchants joined into these -they pooled their funds to finance a large scale venture that would have been too costly for any individual -made capital more easily available -reduced the risk for any one partner because no one had to invest all his or her capital in the company
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tenant farmers
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-peasants who paid rent for their land or hired farm laborers
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middle class
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-ranked between nobles and peasants -despised by by the nobles and the clergy -nobles thought towns were a disruptive influence beyond their control -clergy thought that profits merchants and bankers made from lending money were immoral -gained economic and political power
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guilds
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-associations formed by merchants and artisans -dominated town life->passed laws&levied taxes -each of these represented workers in one occupation, such as weavers, goldsmiths,&bakers -members cooperated their own economic interests -made rules to protect the quality of the goods, regulated hours of labors, and set prices
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apprentice
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-trainee to a guild master -spent years learning the trade
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journeymen
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-salaried workers, often accused masters of keeping their wages low so that they could not save enough to open a competing shop
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Describe a woman's role in the guilds.
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-women worked in dozens of crafts -engaged in the same trade as her father or husband -became apprentices in ribbonmaking and papermaking -dominated some trades and even had their own guilds
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Why were guilds important to town life?
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-dominated town life by passing laws and levying taxes(merchants?) -decided whether to spend funds to pave streets with cobblestones or make other town improvements -provided social services by operating schools and hospitals, looking after the needs of the workers, and providing support
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What were medieval cities like?
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-surrounded by high protective walls -overcrowded, narrow streets with tall houses -fire was a constant threat - had a church with a tall steeple -no garbage or sewer system->flung stuff in streets>some passed laws to prevent this -overall towns were filthy, smelly, noisy, and crowded-->perfect for disease!
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