What are facts about medieval trade and industry?

Medieval trade and industry were largely centered around local markets and guilds, with goods being produced and sold within a specific region. The Silk Road facilitated trade between Europe and Asia, leading to the exchange of goods, ideas, and technologies. Craftsmanship and artisanal skills were highly valued, leading to the establishment of guilds to regulate quality and prices. The medieval period also saw the rise of fairs and trade routes, such as the Hanseatic League in Northern Europe.