Monday, 7 December 2015

FEUDALISM (P.8)



FEUDALISM
Feudalism is the second stage of development of the human economic systems or mode of production. Feudalism developed after communalism. Feudalism is a hierarchical order of land ownership in which feudal lords granted lands to their subordinates who in turn sub-divide their portions among those over whom the presided. In return, for the use of the land the tenants paid tributes to their lord’s either in cash or in kind.
Features / Characteristics of Feudalism
(i)         The society is hierarchically structured
(ii)        There is a class known as the class of the Barons or the land owners
(iii)       There is a class known as the class of serfs or those who do not own any land but farm on the land owned by the Barons. The serfs pay the Barons for using the land in cash or by giving them at least one third of what is produced from the land.
(iv)       There also a class of the slaves who help the serfs to farm or cultivate the land
(v)        The means of production and distribution although privately or individually owned is at crude state of development.

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