Medieval economy – Europe
After the fall of Rome, people in Europe used money less than they had before. Instead they mostly lived on what they could produce themselves. Rich people lived on what they could make other people give them because they were landlords or landladies.
Rise Of Trade And Towns
Although scholars have long debated the extent of trade and urban life during the early Middle Ages, there is general agreement that increased trade activity was evident before the crusades.
Medieval Europe: Economic History
The economy of Medieval Europe was based primarily on farming, but as time went by trade and industry became more important, towns grew in number and size, and merchants became more important.