Shakespeare: Economic

Before the change between the Medieval period and the Early Modern period people were classed as either being very poor or very rich, during this change of periods the middle class/ merchant class were invented
The middle class was created because of the boom in trade, meaning that the lower classes could gain wealth through this trade, creating the middle class
Something called the Royal Exchange was founded in 1565

The Royal Exchange in 1565

The Royal Exchange was a centre where trade could happen, it was basically a place for people to come and trade with one another
It created a growth in England's economy
Before it was invented England's economy was focused on agriculture, as most of its population lived in small villages
Before the Royal Exchange villagers traded goods with each other but with the invention of the exchange landlords and other villagers started to expect money in return for their services
Raising sheep was a big economic focus, there were a lot of sheep in England and so people started to think they could use this to benefit them
So sheep wool was processed and spun into thread, because of this there was a huge rise in the cloth-manufacturing business
Out of the small villages the people were more likely to be craftsmen or

mechanics, because of their surroundings. They might have jobs such as; butchers, bakers, tailors, weavers, blacksmiths or carpenters
Manufacturing was not mass-produced but was made by hand; this meant that the people who did not make the goods would sell them so they could earn a living
The major professions needed more education behind them so people like doctors, lawyers and educators were:

Shakespeare