Free Market Systems essays

Free Market Systems essays The concept of economic society in the middle Ages, and forces of change were different from region to region and from century to century. Modern market societies were beginning to manifest in the medieval cities of Italy and Holland from the tenth to seventeens centuries to the seventeenth and into the eighteenth and nineteenth centuries in some places. I will discuss what agents were powerful enough to effect changes need to bring about the free market society. First I will start with list of key concepts and terms Feudalism influential forces of change included these forces Itinerant Merchants initiated trade, money, and the keen characteristics of feudalism life Urbanization a by product of the Itinerant merchant slow urbanization of medieval life as for example one house hold per year. Crusades were only a cause of European economic development, also a symptom of the development that had previously taken place, and the introduction of new ideals to which the church was vigorously apposed Unifying commerce supporting national sales The age of exploration and of the gold from Spanish mines of Mexico and Peru The emergence of new religious ideals sympathetic of business Organization of set monetary dues with in the manorial system As result of these forces we see separation of economic from social life which no longer fit with the norm of religion, social, and political customs and practices, but form a distinct area of social life it self. The advent of free laborers, and landlords selling his or her services on the market for land and capital and labor which also created different classes entering the market among these new relationships was the wage labor but the owner of the product was the employer. Unlike the previous periods for instance labor was something done by slaves or as the word the book uses serfs to build pyramids, cathedrals that were ow...