History The Feudal System Questions
The Feudal System had a significant impact on the economy. It led to a decentralized and agrarian economy, where land was the primary source of wealth and power. The system created a hierarchical structure, with the king at the top, followed by the nobles, knights, and peasants. The peasants, who made up the majority of the population, worked the land and provided labor and goods to the higher classes in exchange for protection. This system of labor and land ownership limited social mobility and economic growth. The economy was primarily based on agriculture, with peasants working the land and producing food and other goods for their lords. The lords, in turn, provided protection and military service to the king. This system resulted in limited trade and economic development, as the focus was on self-sufficiency and local production. Overall, the Feudal System created a stagnant and unequal economy, with limited opportunities for economic advancement.