The Byzantine Empire

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The security and wealth provided by its setting helped Byzantium survive for more than a thousand years. Constantinople was a state-controlled, world trade center which enjoyed the continuous use of a money economy - in contrast to the localized systems found in the west. The city's wealth and taxes paid for a strong military force and financed an effective government. Excellent sewage and water systems supported an extremely high standard of living. Food was abundant, with grain from Egypt and Anatolia and fish from the Aegean. Constantinople could support a population of a million, at a time when it was difficult to find a city in Europe that could sustain more than 50,000.

Unlike Rome, Constantinople had several industries producing luxury goods, military supplies, hardware, and textiles. After silkworms were smuggled out of China about A.D. 550, silk production flourished and became a profitable state monopoly. The state paid close attention to business, controlling the economy: A system of guilds to which all tradesmen and members of the professions belonged set wages, profits, work hours, and prices and organized bankers and doctors into compulsory corporations.

Security and wealth encouraged an active political, cultural, and intellectual life. The widespread literacy and education among men and women of various segments of society would not be matched in Europe until, perhaps, eighteenth-century France. Until its fall in 1453, the Byzantine Empire remained a shining fortress, attracting both invaders and merchants