Question

What factors contributed to European economic growth between 950 and 1100 c.e.? Was this growth beneficial or harmful to the majority of the population?

Answer 1

By the beginning of 950, European economy had already sustain painful rules of the Magyars, Vikings and the Muslim rulers. After 950, Europe had started to become a strong force in the economic and military sphere. The economic growth of Europe in this period is attributed to many factors such as a huge agricultural revolution that was featured by a revolutionary crop betterment process being implemented, the revolution in agriculture had spread throughout the European region. Europe had then become agriculturally so rich that the results of its high agricultural productivity had beneficial impacts on not only Europe, but also in Germany and France. Huge progress were made in the technological sector which allowed Europe to earn huge profits.

This growth had a tremendously beneficial impact on the growth of the majority of the population. The population started gaining from the better agricultural products and the cheap rates at which agricultural products were now available. Moreover, the agricultural advancements made a huge impact on the development and growth in the other sectors of the economy such the financial sector grew to huge extents. There was a big inflow of capital which made Europe very rich. It further excelled in the technological sphere, which made the production of agricultural goods more sophisticated and improved.