Warfare, Gold and Regional Disparities, 1330–1339

Pamela Nightingale ()
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Pamela Nightingale: University of Oxford

Chapter Chapter 10 in Enterprise, Money and Credit in England before the Black Death 1285–1349, 2018, pp 255-298 from Palgrave Macmillan

Abstract: Abstract This chapter covers the whole of the 1330s which included the temporary closure, for lack of bullionbullion, of both the London mintLondonmint in 1330 and the Canterbury mint from 1332. This contributed to a low output of coin for most of the decade, and falling prices in local markets. Contrary to normal experience, and despite drought in 1331–1332, and the outbreak of war in 1337, credit still soared to reach a total only 10% lower than that of the boom years of the first decade. The discrepancy can best be explained by English wool exportersexporters accepting payment in foreign gold coins which circulated increasingly in England from the 1320s, particularly in NorfolkNorfolk and in London. The chapter examines the reasons for this and compares their experiences with those of other leading counties, including those with declining credit.

Keywords: Bullion; London mint; Local markets; Drought; Credit; Wool exporters; Norfolk (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-90251-7_10

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DOI: 10.1007/978-3-319-90251-7_10

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