Transcript Slide 1

LESSON 14 – THE ECONOMIC SYSTEM OF MEDIEVAL EUROPE
Production Steps
1. Stand and put your hands on your shoulders.
2. Reach down to your desk and select a seed
(crumbled piece of paper) from an imaginary
bag by bringing your elbows together.
3. Reach down to the floor.
4. Plant the seed by releasing your elbows.
5. Sit down at your desk.
6. Write the word of your assigned product on
the piece of scrap paper.
7. Continue planting seeds by repeating steps
1-6.
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 14 – THE ECONOMIC SYSTEM OF MEDIEVAL EUROPE
Production Table
Group
Round 1
Round 2
Round 3
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 14 – THE ECONOMIC SYSTEM OF MEDIEVAL EUROPE
Manor System
• Under feudalism in Medieval Europe, the
economic system was manorialism.
• An economic system is the way in which
a group organizes to determine what to
produce, how to produce, and for whom to
produce.
• The lord’s land consisted of 25 to 30
percent of the arable land of the manor
plus the manor house, barns, stables,
workshops, gardens, mills, and ovens.
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 14 – THE ECONOMIC SYSTEM OF MEDIEVAL EUROPE
Manor System
• Serfs were bound to the land. Lords might
leave but serfs stayed with the land.
• Serfs’ land was in large fields divided into
strips. A peasant household had possibly
two dozen strips scattered throughout the
open fields.
• Serfs of a manor agreed on what and
when to harvest. This was called
communal farming.
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 14 – THE ECONOMIC SYSTEM OF MEDIEVAL EUROPE
Manor System
• Serfs planted only half their fields each
year. The other half were left fallow each
year to preserve soil fertility. This was
called two-field crop rotation.
• Serfs worked the land for the lord three
to four days week. Few markets existed
where the lord could buy goods and
services. They relied on the serfs to
produce most goods.
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 14 – THE ECONOMIC SYSTEM OF MEDIEVAL EUROPE
Manor System
• Serfs had to grind their grain in the
lord’s mill and bake bread in the lord’s
oven for a fee.
• Serfs had to pay other fees collected on
a regular basis or on special occasions.
Fees could be as high as 50% of goods
that the serf produced.
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 14 – THE ECONOMIC SYSTEM OF MEDIEVAL EUROPE
Economic Systems
Traditional Command Market
Custom
Central
Whatever is
authority
profitable
What to
Produce
Custom
How to
Produce
For Whom Custom
to Produce
Central
authority
Least costly
method
Central
authority
Highest
bidder
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY