Economics In The Dark Ages Essay by The Research Group

Economics In The Dark Ages
Discusses development of money-based economy, AD 500 to AD 1100, gold, fiduciary money and coinage.
# 17844 | 1,800 words | 6 sources | 1989 | US
Published on Mar 06, 2003 in Economics (Macro) , History (European)

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From the Paper:

" The most conspicuous feature of the economic life of the early Middle Ages, or Dark Ages (c. AD 500.AD 1100) is a virtual absence of money and of the characteristic features of a money economy . economic specialization, long.distance trade, commercial towns. Instead, the early medieval economy was rural and locally self.sufficient, and society as a whole was correspondingly "rusticated."
This rustication appears vividly in our (relatively few) pictures of the Dark Ages. A striking example is the description of court life in Einhard's biography of Charlemagne (Einhard 45.52). The court life of medieval Europe's greatest king is surprisingly simple, compared to later high.medieval royal courts. Charlemagne lives similarly to an ordinary minor (...)"

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