The economy of England

  • Created by: mrevv
  • Created on: 31-10-19 14:39

System of taxation

  • Must have been wealthy to be invaded
  • 112 towns, with more specialised trades
  • Geld administered by shires and hundreds
  • 2 shillings per hide each year
  • Total= £6000 a year
  • ASC records more being raised to pay off Danes, 137k from 991 to 1012
  • Nobliity kept extra money after threat subsided
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Royal mints and the silver penny

  • Pounds, shillings and pence, with 1p being 1 day's work
  • Authorised by the king with his head.
  • 9 million pennies in circulation by 1066
  • 2/3 of coins found were from other towns showing trade
  • Foreign coins were forbidden
  • Coins replaced every 5 years, King kept 15% of the old coin value
  • Coins were exported from Germany, in exchange for wool and cloth.
  • Welsh and Scottish coins weren't standardised so there was less urban trade.
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Coastal towns and overseas trade

  • Scandanavia, Flanders, Germany, Normandy, Spain
  • Pottery, cloth, glovese, wine, amber, millstones, gems and spices
  • Swords of tempered Spanish steel and German mail coats
  • Exported cheese, ham, salt, smoked herrings, wool and leather
  • Net importer of silver to the thanes
  • Southhampton, London, Lincon, Cambridge, Norwich and York used
  • Close to estuaries, sloping beach and communications inland.
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Urbanisation and the growth of trading centres

  • Stable political environment, settled population, regular material supply, trading contacts, food
  • Only 10% lived in towns, developed from burhs with law codes and urban markets
  • They sold items such as wool, leather, pottery, pots, tools, salt and canles.
  • Trades such as butchers, tanners and goldsmiths appeared.
  • York shows amber and jet rings: Norwich shows Yarmouth herrings as specialism. 
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