The Stages in the Social History of CapitalismPirenne, Henri
History
The Stages in the Social History of Capitalism
Pirenne, Henri
Capitalism
Landed property, indeed, did not contribute at all to that awakening of
commercial activity which, after the disasters of the Norman invasion in
the North and the Saracen raids on the shores of the Mediterranean,
began to manifest itself toward the end of the tenth century and the
beginning of the eleventh. Its preliminary manifestations are found at
the two extremities of the Continent, Italy and the Low Countries. The
interior seas, between which Europe was restricted in her advance toward
the Atlantic, were its first centres of activity. Venice, then Genoa and
Pisa, venture on the coasting trade along their shores, and then
maintain, with their rich neighbors of Byzantium or of the Mohammedan
countries, a traffic which henceforward constantly increases. Meanwhile
Bruges at the head of the estuary of the Zwyn, becomes the centre of a
navigation radiating toward England, the shores of North Germany, and
the Scandinavian regions. Thus, economic life, as in the beginning of
Hellenic times, first becomes active along the coasts. But soon it
penetrates into the interior of the country. Step by step it wins its
way along the rivers and the natural routes. On this side and on that,
it arouses the hinterland into which the harbors cut their indentations.
In this process of growth the two movements finally meet, and bring into
communication the people of the North and the people of the South. By
the beginning of the twelfth century it is an accomplished fact. In 1127
Lombard merchants, journeying by the long route which descends from the
passes of the Alps toward Champagne and the Low Countries, reach the
fairs of Flanders.
Public-domain text, read in full here on John Shaqi.
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