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Examine the emergence of new economic systems in the Middle Ages from "summary" of The History of the Ancient World: From the Earliest Accounts to the Fall of Rome by Susan Wise Bauer
During the Middle Ages, economic systems began to shift and evolve in response to changing social, political, and technological factors. One of the key developments during this period was the emergence of feudalism, a system in which land was exchanged for loyalty and military service. This system helped to organize society and provide stability in a time of frequent invasions and unrest. As feudalism took hold, a new economic class emerged: the feudal lords. These lords controlled vast amounts of land and resources, which they used to generate wealth and power. In exchange for protection and land, peasants worked the land and paid taxes to their lords. This system of mutual obligation formed the basis of the feudal economy. Alongside...
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