The political and economic system usually named for a question like this is feudalism. The facts are a bit more complicated, because people disagree on precisely what feudalism was. Also, there were political and economic systems that were certainly not feudal by any definition of the word, the Italian republican city states such as Venice, Genoa, and Florence being examples. There were also medieval communes within kingdoms and empire, and these were typically republican in form and under the control of local guilds.
Feudal. The world was ruled by the kings and the church with everyone else doing what they were told.
In the Middle Ages, most economic systems were dominated by agriculture, and most people worked on farms or manorial estates.
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The population of Europe increased in the High Middle Ages, as agricultural improvement, improvements in laws and economics, guilds, and increased travel lead to a great increase of the sizes and numbers of towns and cities.
No. The increase in the power of the Church happened in the Roman Empire at a time when the economic and political power was mostly in the hands of the military. In the Middle Ages, the aristocracy gained military power, and the rise of the middle class only happened during the Middle Ages after that.
Feudalism
Electronic payment systems were not preferred in the Middle Ages. The middle Ages did not have any computers, so electronic payment systems were not invented yet.
Feudal economics are simply the economics associated with the decentralized hierarchical system of feudalism, and aspect of the middle ages. They did not differ appreciably from other economics of the middle ages, except that local nobility and bishops often coined their own money.
Feudalism
Feudalism
Feudalism ended by gunpowder.
In the Middle Ages, most economic systems were dominated by agriculture, and most people worked on farms or manorial estates.
No, it was known as "Feudalism".
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The renewed religious feeling of the Middle Ages resulted in the growth of monks and monasteries and the increased power of the Catholic church in the political arena.
The period of time from 500 AD to 1500 AD is called the Middle Ages.