why did a money economy began to replace the barter economy in the high middle ages?
Why did a money economy begin to replace the barter economy in the High Middle Ages?
- As wars halted trade, merchants found new work metalsmithing or creating coins.
- As trade expanded to cover greater distances, a unit of exchange became more important.
- Eastern merchants banded together to reject the barter economy in Europe.
- Western merchants were no longer willing to negotiate trade agreements with Eastern nations.
I believe the answer is: As trade expanded to cover greater distances, a unit of exchange became more important.
As trade cover more distances, the weight and room needed to bring the barter product over as trades become a massive nuisance for the traders. Because of this, traders see the need to develop an object that acknowledge as a medium of exchange which weight less and do not take as much space as barter products.
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