Western Europe around 1500
(2)
There were more merchants and craftsmen, and more goods for sale. People traded widely, international trade was important and money, not barter, was used everywhere except in small, local exchanges. There were even banks
that lent merchants money to pay for their international trading. More people needed a basic level of numeracy and literacy to run a business, so many towns now had schools that provided a basic education. Europe now had a growing number of universities.
In the countryside most peasants paid rent in money, not services. The feudal system was breaking down, even if in some area it was still the law.
picture: university class Bologna, 1350.