Economics Of English Towns And Trade In The Middle Ages
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Economics Of English Towns And Trade In The Middle Ages
The economics of English towns and trade in the Middle Ages is the economic history of English towns and trade from the Norman invasion in 1066, to the death of Henry VII in 1509. Although England's economy was fundamentally agricultural throughout the period, even before the invasion the market economy was important to producers. Norman institutions, including serfdom, were superimposed on a mature network of well-established towns involved in international trade. Over the next five centuries the English economy would at first grow and then suffer an acute crisis, resulting in significant political and economic change. Despite economic dislocation in urban areas, including shifts in the holders of wealth and the location of these economies, the economic output of towns developed and intensified over the period. By the end of the period, England would have a weak early modern government overseeing an economy involving a thriving community of indigenous English merchants and corporati ...
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Economic History
Economic history is the academic learning of economies or economic events of the past. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic force and attempting to provide insights into the way it is structured and conceived. Using both quantitative data and qualitative sources, economic historians emphasize understanding the historical context in which major economic events take place. They often focus on the institutional dynamics of systems of production, labor, and capital, as well as the economy's impact on society, culture, and language. Scholars of the discipline may approach their analysis from the perspective of different schools of economic thought, such as mainstream e ...
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Thetford
Thetford is a market town and civil parish in the Breckland District of Norfolk, England. It is on the A11 road between Norwich and London, just east of Thetford Forest. The civil parish, covering an area of , in 2015 had a population of 24,340./ There has been a settlement at Thetford since the Iron Age, and parts of the town predate the Norman Conquest; Thetford Castle was established shortly thereafter. Roger Bigod founded the Cluniac Priory of St Mary in 1104, which became the largest and most important religious institution in Thetford. The town was badly hit by the Dissolution of the Monasteries, including the castle's destruction, but was rebuilt in 1574 when Elizabeth I established a town charter. After World War II, Thetford became an "overspill town", taking people from London, as a result of which its population increased substantially. Thetford railway station is served by the Breckland line and is one of the best surviving pieces of 19th-century railway architec ...
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Danegeld
Danegeld (; "Danish tax", literally "Dane yield" or tribute) was a tax raised to pay tribute or protection money to the Viking raiders to save a land from being ravaged. It was called the ''geld'' or ''gafol'' in eleventh-century sources. It was characteristic of royal policy in both England and Francia during the ninth through eleventh centuries, collected both as tributary, to buy off the attackers, and as stipendiary, to pay the defensive forces. The term ''danegeld'' did not appear until the late eleventh century. In Anglo-Saxon England tribute payments to the Danes was known as ''gafol'' and the levy raised to support the standing army, for the defense of the realm, was known as ''heregeld'' (army-tax). England In England, a hide was notionally an area of land sufficient to support one family; however their true size and economic value varied enormously. The hide's purpose was as a unit of assessment and was the basis for the land-tax that became known as Danegeld. In ...
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Demesne
A demesne ( ) or domain was all the land retained and managed by a lord of the manor under the feudal system for his own use, occupation, or support. This distinguished it from land sub-enfeoffed by him to others as sub-tenants. The concept originated in the Kingdom of France and found its way to foreign lands influenced by it or its fiefdoms. In England, Wales and Northern Ireland, royal demesne is the land held by the Crown, and ancient demesne is the legal term for the land held by the king at the time of the Domesday Book. Etymology The word derives from Old French , ultimately from Latin , "lord, master of a household" – ''demesne'' is a variant of ''domaine''. The word ''barton'', which is historically synonymous to ''demesne'' and is an element found in many place-names, can refer to a demesne farm: it derives from Old English ''bere'' (barley) and ''ton'' (enclosure). Development The system of manorial land tenure, broadly termed feudalism, was conceived in France ...
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Die (manufacturing)
A die is a specialized machine tool used in manufacturing industries to cut and/or form material to a desired shape or profile. Stamping dies are used with a press, as opposed to drawing dies (used in the manufacture of wire) and casting dies (used in molding) which are not. Like molds, dies are generally customized to the item they are used to create. Products made with dies range from simple paper clips to complex pieces used in advanced technology. Continuous-feed laser cutting may displace the analogous die-based process in the automotive industry, among others. Die stamping Blanking and piercing are two die cutting operations, and bending is an example of a die forming operation. Die forming Forming operations work by deforming materials like sheet metal or plastic using force (compression, tension, or both) and rely on the material's mechanical properties. Forming dies are typically made by tool and die makers and put into production after mounting into a press. ...
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Moneyer
A moneyer is a private individual who is officially permitted to mint money. Usually the rights to coin money are bestowed as a concession by a state or government. Moneyers have a long tradition, dating back at least to ancient Greece. They became most prominent in the Roman Republic, and continued into the Empire. In Rome the position of Triumvir Monetalis, held by three people at a time, was a minor magistracy awarded by the Senate, often the first office held by a young politician. Marcus Aurelius is one famous example; John Hull is another with his founding of the Hull Mint for the Massachusetts Bay Colony. Moneyers were not limited to the ancient world. When European coinage was revived during the Middle Ages, moneyers again were trusted to create currency on behalf of kings and potentates. For a large part of that era, virtually all coins in circulation were silver pennies, and these often bore the name or other identification of the moneyer.Grierson et al. 2007 See a ...
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Mint (coin)
A mint is an industrial facility which manufactures coins that can be used as currency. The history of mints correlates closely with the history of coins. In the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers and planchets are made into milled coins by the billions. With the mass production of currency, the production cost is weighed when minting coins. For example, it costs the United States Mint much less than 25 cents to make a quarter (a 25 cent coin), and the difference in production cost and face value (called seigniorage) helps fund the minting body. Conversely, a U.S. penny ($0.01) cost $0.015 to make in 2016. History The first minted coins The earliest metallic money did not consist of coins, but of unminted metal in the form of rings and other ornaments or of weapons, which were used for th ...
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Rouen
Rouen (, ; or ) is a city on the River Seine in northern France. It is the prefecture of the Regions of France, region of Normandy (administrative region), Normandy and the Departments of France, department of Seine-Maritime. Formerly one of the largest and most prosperous cities of Middle Ages, medieval Europe, the population of the metropolitan area (french: functional area (France), aire d'attraction) is 702,945 (2018). People from Rouen are known as ''Rouennais''. Rouen was the seat of the Exchequer of Normandy during the Middle Ages. It was one of the capitals of the Anglo-Normans, Anglo-Norman dynasties, which ruled both England and large parts of modern France from the 11th to the 15th centuries. From the 13th century onwards, the city experienced a remarkable economic boom, thanks in particular to the development of textile factories and river trade. Claimed by both the French and the English during the Hundred Years' War, it was on its soil that Joan of Arc was tried ...
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Jews
Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The people of the Kingdom of Israel and the ethnic and religious group known as the Jewish people that descended from them have been subjected to a number of forced migrations in their history" and Hebrews of historical History of ancient Israel and Judah, Israel and Judah. Jewish ethnicity, nationhood, and religion are strongly interrelated, "Historically, the religious and ethnic dimensions of Jewish identity have been closely interwoven. In fact, so closely bound are they, that the traditional Jewish lexicon hardly distinguishes between the two concepts. Jewish religious practice, by definition, was observed exclusively by the Jewish people, and notions of Jewish peoplehood, nation, and community were suffused with faith in the Jewish God, ...
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Motte And Bailey
A motte-and-bailey castle is a European fortification with a wooden or stone keep situated on a raised area of ground called a motte, accompanied by a walled courtyard, or Bailey (castle), bailey, surrounded by a protective Rampart (fortification), ditch and palisade. Relatively easy to build with unskilled labour, but still militarily formidable, these castles were built across northern Europe from the 10th century onwards, spreading from Normandy and County of Anjou, Anjou in France, into the Holy Roman Empire in the 11th century. The Normans introduced the design into England and Wales. Motte-and-bailey castles were adopted in Scotland, Ireland, the Low Countries and Denmark in the 12th and 13th centuries. Windsor Castle, in England, is an example of a motte-and-bailey castle. By the end of the 13th century, the design was largely superseded by alternative forms of fortification, but the earthworks remain a prominent feature in many countries. Architecture Structures A mott ...
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Mercery
Mercery (from French , meaning "habderdashery" (goods) or "haberdashery" (a shop trading in textiles and notions) initially referred to silk, linen and fustian textiles among various other piece goods imported to England in the 12th century. Eventually, the term evolved to refer to a merchant or trader of textile goods, especially imported textile goods, particularly in England. A merchant would be known as a ''mercer'', and the profession as ''mercery''. The occupation of mercery has a rich and complex history dating back over 1,000 years in what is now the United Kingdom. London was the major trade centre in England for silk during the Middle Ages, and the trade enjoyed a special position in the economy amongst the wealthy. A typical mercery business was family-run, consisting of a mercer, wife, their family, servants, and apprentices. The husband would be tasked with the marketing and sale of the business' wares to the public in places such as a small storefront, at market ...
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Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, Finland to the east, and is connected to Denmark in the southwest by a bridgetunnel across the Öresund. At , Sweden is the largest Nordic country, the third-largest country in the European Union, and the fifth-largest country in Europe. The capital and largest city is Stockholm. Sweden has a total population of 10.5 million, and a low population density of , with around 87% of Swedes residing in urban areas in the central and southern half of the country. Sweden has a nature dominated by forests and a large amount of lakes, including some of the largest in Europe. Many long rivers run from the Scandes range through the landscape, primarily ...
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