The Champagne Fairs - 1915 Words

The first of the three themes stated by Abu- Lughod is the European Subsystem and how it plays a roll in the world system. Three topics emerge from this theme: Cities of the Champagne Fairs (51), Bruges and Ghent (commercial and industrial cities of Flanders) (78), and the merchant mariners of Genoa and Venice (102). First, Champagne fairs. Champagne fairs were an annual cycle of trading fairs held in towns within the Champagne region. Unfortunately the Champagne region does not involve champagne. The Champagne region is northeast of France, lying between the boundaries of Belgium and Paris, not excluding contemporary North Africa. Champagne fairs were crucial in rekindling medieval Europe’s economy. They served as a primary market for selling and trading, textiles, fur, leather, and other cultural products. There were a series of six fairs all located in prime trading spots (Locations: Lagny-sure-marne, Bar- sur-Aube, Provins, Troyes). Over time each fair became subtly more advanced, ultimately reaching a point of organization and development that was beyond its time. Merchants, as rapacious as they were, began to establish means of credit, contracts, and business partnerships for trade. Traders that came from over seas reasoned the creation of systems that made for flexible and efficient arrivals and departures. These traders even had delegated agents to receive payments for them. Word of who had what spread quickly as communication and transportation began to integrate.Show MoreRelatedThe Hundred Years War Essays1042 Words   |  5 PagesThe Hundred Years War After the Crusades, trade began to revive in Italy, largely because neither trade nor towns had declined as much there as elsewhere. As trade grew in other countries, fairs were set up as places where merchants could exchange large amounts of goods. In 1346 the bubonic plague, a fatal disease, swept through Europe killing one third of the population. 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