Question

In what way did the nature of trade goods change during the middle ages?
1] From imported luxury goods to more local items
2] From food and clothing to precious metals
3] From farm equipment to tools for building houses
4] From one-of-a-kind homemade items to factory products

Answer 1

Hint: The business of English towns during the Middle Ages is the economic story of English villages from the Norman invasion to the death of Henry VII. Even though England's economy was centrally agricultural during the period, even before the attack, the market economy was essential to producers. Norman institutions were superimposed on well-established towns associated with international trade.

Complete answer:
Over the subsequent five centuries, the English market would at first arise and then suffer an intense crisis, causing significant political and economic change. Notwithstanding economic disruption in metropolitan areas, including variations in the owners of wealth and the position of these economies, the economic production of towns expanded and enhanced over the period. By the end of this, England would have a limited early modern administration supervising an economy comprising a flourishing community of original English merchants and organizations. Although originally rural, England had several old, economically major towns. A large number of sales came through the Eastern cities. Much of this business was with France and Germany, but the North-East of England exchanged with partners like Sweden. The cloth was being shipped to England before the intrusion through the mercury business. The Norman invasion also caused significant economic reforms with the arrival of the Jews to English cities. William, I brought over prosperous Jews from the Rouen area in Normandy to settle down in London, supposedly to carry out commercial services for the crown. In the years after the invasion, a lot of capital was carried out of England in several ways by the Norman rulers and later reinvested in Normandy, making William extremely wealthy as a single ruler. The minting of coins was known to be decentralized in the Saxon era; every area was supposed to have a mint and, hence, a center for trading in bullion. Nevertheless, there was a stern royal power over these moneyers, and coins could be produced only in London. William held this arrangement and also managed a high coin standard, which directed the application of the phase sterling for Norman silver coins.
So, the correct answer is Option A.

Note: At the starting of the middle ages, they traded luxury products, but in the later middle ages, they started selling more general goods. The merchants benefited from the amount of money developing from trade, which made them powerful. The import of valuable metals, tools, and other factory products occurred only after the nineteenth century's Industrial Revolution.