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In the 18th century, Adam Smith, seeking to describe economic systems, effectively coined the forms "feudal government" and "feudal system.

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How was wealth determined in Medieval Europe?

The Feudal System which provided wealth and land to vassals, jobs for knights, and work for serfs.


How did the growth of towns weaken the feudal system?

During the Middle Ages, the growth of towns weakened the feudal system in several crucial ways. For one thing, it shifted the focus-point for communities from the feudal manor to the local town itself, which was becoming more and more important. For another thing, the wealth of the small but growing "middle class" gave them more and more power with which to use as a new, independent force in the governance of lands once solely governed by the feudal lords.


Was the feudal system fair if so how fair?

The feudal system was not fair as it concentrated power and wealth in the hands of the nobility while peasants had very few rights and opportunities for social mobility. Status was largely determined by birth and there was limited room for individuals to improve their social standing through their own efforts.


Does China have a caste system?

No, China does not have a caste system like in India. China historically had a feudal system with a hierarchy based on social class, but that system was largely dismantled during the Communist revolution in the mid-20th century. Today, social status in China is based more on wealth, education, and political connections rather than on a rigid caste system.


In the European feudal system under manorilism what is the most significant economy commodity?

In the European feudal system under manorialism, the most significant economic commodity was land. Land was the primary source of wealth and power, as it provided the means for agricultural production, which was essential for sustenance and trade. Peasants, or serfs, worked the land in exchange for protection and a place to live, making their labor crucial to the economy. Thus, landownership and agricultural output were central to the feudal economy.


What is the best term describing a society in which the landed aristocracy has most of the wealth and political power?

A society in which the landed aristocracy has most of the wealth and political power is described as feudal.


Which term best describes a society in which the landed aristocracy has the most of the wealth and political power?

A society in which the landed aristocracy has most of the wealth and political power is described as feudal.


Is Consumer Wealth System the same as Key Wealth System but re marketed?

Yes, Consumer Wealth System is nearly the same as Key Wealth System, but with some minor differences. So I guess you could possibly consider it to be remarketed.


Why was it important for kings emperors the church and nobles to posses land?

There was no set form of currency for much of the middle ages, so land was the most valuable form of wealth, as it can be used to produce goods, and can be rented or gifted to vassals in return for services. The Manorial rent system was the basis for wealth throughout feudal society.


How did feudalism begin in Japan?

Feudalism in Japan developed over a need for additional land, wealth and power. A weakened government persuaded feudal land owners to war with each other . After the Fujiwara claim fell out of power, Daimyo hired Samurai to attack other Daimyo for their land and wealth.


What benefits did knights typically receive as a result of their loyalty to the king"?

Knights typically received benefits such as land grants, titles, and wealth as a result of their loyalty to the king. These rewards helped to solidify their social status and power within the feudal system.


What term best describes a society in which the landed aristocracy has most wealth and power?

A term that best describes a society where the landed aristocracy holds most wealth and power is a feudal society. In a feudal society, power and resources are concentrated in the hands of a small noble class that controls land and resources, often at the expense of the rest of the population.