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Late Middle Ages (Economic / Social transformations (ECONOMIC…
Late Middle Ages
Economic / Social transformations
Period of economic development
influenced by
Population grew
Agricultural production increase
Trade developed
Sackings / Invasions ended
ECONOMIC TRANSFORMATIONS
Population grew
Economic power of cities grew
Cities were known as
boroughs
and were inhabited by
the bourgeoisie
Increase in trade
Craftmanship developed
Trade and craftmanship
money increased
promissory notes appeared
loans
permanents shops / markets
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