To what extent did commerce flourish in this period?

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To what extent did commerce flourish in this period?

Before considering how far commerce thrived in this period it is necessary to examine what is meant by this term. The dictionary defines commerce, as “The large scale buying and selling of goods and services”.  This, however, is a modern interpretation of the word.  To truly understand the relevance of this word in the period being studied it is important to think about this term in the correct context.  In the modern sense commerce and trade is carried out with the ultimate aim of generating a profit.  Usually through acquiring a large number of a particular object cheaply at wholesale price and subsequently selling the objects on individually for a vastly increased price.  However in the early middle ages this was not the purpose of trade.  Instead it was much more a case of exchanging something that was readily available or not needed for something which was harder to acquire.  The fact that these other objects were harder to acquire, or at least not as readily available, meant that they were considered valuable by people at the time.  In the societies of medieval Europe objects of value were considered to give rank or status within society.  Kings or tribal leaders would publicly display objects of value as a symbol of their leadership.  Due to the fact that these objects were hard to come by their origins were usually outside the particular tribe or ethnic group that the leader was head of.  Trade existed at this time as a way for such leaders to get hold of these valuable objects required to demonstrate their wealth.  The leader of one group would exchange certain articles in their possession, normally gained through taxation or gifts, with another leader for items he had obtained through similar means “Long distance trade appears to be forged by Kings or their emissaries”.  This would either be a direct swap or in the form of gifts, presented to neighbouring clans to ensure peaceful relations or alliances.  Valuable goods could also be exchanged in return for slaves.  Therefore a better description of the term commerce in this context is the exchange of commodities between different peoples.

        There is much to suggest that commerce did not flourish at all in the period following the fall of the Roman Empire.  Due to the large area over which the Roman Empire had spanned exchange and transport of objects from all corners of the empire had been relatively easy.  With nearly all of Western Europe under the control of one government it had also been safe to travel long distances with valuable items.  This was because of the Pax Romana: a decree that protected both trade and manufacture.  With the loss of this safeguard it became dangerous to travel any distance with valuable articles.  The once peaceful Roman Empire had become a melee of warring Germanic tribes who each sought supremacy over the others “The dendritic trade route northwards from the Rhine, the old Roman limes, seems to have come to a desultory end by the fifth century”.  An obvious indicator of the decline of trade is the miniscule number of shipwrecks dating from this period compared to preceding centuries.  One argument against this piece of evidence is that the traders had simply become better sailors or had started using superior vessels less likely to sink.  There is no evidence to suggest that Europe underwent some kind of naval revolution at this time therefore this particular argument can be safely rejected.        

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Around 500 there is evidence of reforestation occurring.  This is indicative of a decline in land used for agriculture.  There is also environmental evidence that the climate underwent a period of change at this time.  This suggests that a period of cooling took place that led to poor agricultural yields.  Indeed levels of agricultural production fell to subsistence levels. When considered alone this is not particularly useful in revealing the prominence of trade.  However when the relationship between agriculture and trade is more closely examined, in the right context, this evidence becomes an important indicator of trade.  Whilst the merchants ...

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