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Economic Systems During 1000 CE And 1450 CE: A Comparative Analysis

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Economic Systems During 1000 CE And 1450 CE: A Comparative Analysis
The Economical systems during 1000 CE and 1450 CE were had the biggest impact on the growth and the decay of cities, trade, and inventions. When populations decreased because of trade, this led to more workers being needed. This in total led to more people being paid. Before this period, technology was simple. Then, Europe began to build better and become more experienced. They invented the compass and built better ships. These inventions and innovations led to easier trading techniques and an increase in the economy. Along with this is that Islam brought over a type of coinage. This allowed the societies to get rid of their barter systems. In addition, Capitalism became popular, which resulted in lots of profit for many.
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