Medieval and Economic Terms

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Command Economy

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An economic system in which a central government decides what goods will be made and who will receive them.

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Crusades

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Any one of the wars that the European Christian countries fought against the Muslims.

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Empire

Back

A large territory or group of many territories governed by one ruler.

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Feudalism

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A system of service between a lord and the vassals who have sworn loyalty to the lord. Nobles governed and protected the people in return for services.

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Fief

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A feudal estate belonging to a vassal.

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Guild

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A group of merchants or craftspeople.

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Knights

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A soldier who had a high social rank and who fought while riding a horse and usually wearing armor.

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Lords

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A man who has power and authority in the medieval ages.

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Monarchies

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A government whose ruler, a king or queen, inherits the position from a parent.

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Monotheism

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A belief in one God.