FIN 3826 Chapter : Investments Chapter 16
Document Summary
It appeared to provide order in time of chaos after fall of roman empire: feudalism is government created in a rural environment (countryside, combination of two systems: manorialism and vassalge. Manorialism: a roman institution: based in cities, primarily an economic system, labor in exchange for protection: makes obligations that people will settle, Judgment in disputes between peasants they will provide labor for the landlord. Work his land and the lord"s land. Family would provide service: cooks assistant, maid if a woman. Pay dues in kind (produce and labor): not money, all labor. When farming, they divide land evenly between the farmers (peasants) and would typically have two teams with oxen to work with the typical three fields that they have. Vassalge: a german institution, loyalty of a warrior to his chief: he has surrounding him a small group of men that follow him closely.
