This was the predominant economic system in Europe before 1500.

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Feudalism was the predominant economic system in Europe before 1500. Under feudalism, the king owned all the land which was then distributed to nobles in exchange for their loyalty and military service. The nobles then granted land to peasants in exchange for their labor and a share of their crops. This system was based on a hierarchy of obligations and responsibilities, with the king at the top and the peasants at the bottom. It was not until the rise of capitalism in the 16th century that this system began to break down.

This Was the Predominant Economic System in Europe Before 1500