Section 1
Trade Creates a New Wealthy Class
Key Idea
Toward the end of the Middle Ages, the old system of feudalism began to decline. At the same time, trade with other parts of the world increased. This shift meant that wealth was no longer based only on owning land.
As commerce grew, cities became larger and more powerful. A new, wealthy mercantile class of merchants and bankers emerged in these urban centers. This group had the money and influence to shape society in new ways, setting the stage for the Renaissance.