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According to some historians, [3] the modern capitalist system originated in the "crisis of the Late Middle Ages", a conflict between the land-owning aristocracy and the agricultural producers, or serfs. Manorial arrangements inhibited the development of capitalism in a number of ways. Serfs had obligations to produce for lords and therefore ...
The Black Death was the second great natural disaster to strike Europe during the Late Middle Ages (the first one being the Great Famine of 1315–1317) and is estimated to have killed 30% to 60% of the European population, as well as approximately 33% of the population of the Middle East.
As the economic managers of the (raw) materials, the goods, and the services, and thus the capital (money) produced by the feudal economy, the term "bourgeoisie" evolved to also denote the middle class – the businessmen who accumulated, administered, and controlled the capital that made possible the development of the bourgs into cities.
“The concept of the middle class has evolved significantly over the years, reflecting changes in society, economy, and culture,” said Jon Morgan, the CEO and Editor-in-Chief of Venture Smarter.
In a world where the financial landscape is constantly shifting, the American middle class often finds itself in a precarious position. Find Out: Renting vs. Owning a Home: Which Will Be Cheaper in...
For years it was common for Europeans to assume that the Black Death originated in China. Charles Creighton, in his History of Epidemics in Britain (1891), summarizes the tendency to retrospectively describe the origins of the Black Death in China despite lack of evidence for it: "In that nebulous and unsatisfactory state the old tradition of the Black Death originating in China has remained ...
It really is the economy, stupid. 39% of middle-class Americans say ‘money’ is their top concern versus just 4% who cite political and social issues, survey finds. Paolo Confino.
The modern usage of the term "middle-class", however, dates to the 1913 UK Registrar-General's report, in which the statistician T. H. C. Stevenson identified the middle class as those falling between the upper-class and the working-class. [13] The middle class includes: professionals, managers, and senior civil servants.