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Topic 7;4 Medieval Economic Expansion and Change

AB
chartera written document that set out the rights and privileges of a town
capitalmoney used for investments
partnershiptwo or more pool their funds to finance an investment
bill of exchangea note from the bank that gave the total of cash a merchant wanted to spend like a modern day check
middle classnew class of people between nobles and peasants including merchants
craft guild“an association of workers from a particular occupation
merchant guild“an association of businessmen who dominated town life passed laws, and levied taxes
apprenticetrainee to a guild master
journeymana salaried worker in a guild
tenant farmerpeasant who paid rent for their land
usurylending money at interest


Father Ryan High School

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