The Rise of the West: A New Economic History

38). Although agriculture still dominated economics, the High Middle Ages was also a period of increase "urban settlement, specialization, and trade" (p. 43). In the thirteenth century, Europe underwent hike up expansion in terms of its market-based economy. During that century, urban centers became increasingly big as centers for trade. That century also saw "new innovations" in marketing, such as the fair (p. 55). As the manoral system dissolved, exertion and trade became increasingly important to

he economy. During that same time, agriculture became decreasingly important (p. 70).

North and doubting Thomas describe the fourteenth and fifteenth centuries in Europe as a "hateful time" (p. 71). Plagues, wars, and famine during those centuries caused a forceful decline in the overall population of Europe (p. 72). At the same time, however, the fourteenth and fifteenth centuries marked the final interchange from the medieval world to the modern world. This shift can be seen in the accomplishments of the Renaissance during th
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