A merchant is a person who trades in goods produced by other people, especially one who trades with foreign countries. Merchants have been known for as long as humans have engaged in trade and commerce. Merchants and merchant networks operated in ancient Babylonia, Assyria, China, Egypt, Greece, India, Persia, Phoenicia and Rome. During the European medieval period, a rapid expansion in trade and commerce led to the rise of a wealthy and powerful merchant class. The European Age of Discovery opened up new trading routes and gave European consumers access to a much broader range of goods. By the 18th century, a new type of manufacturer-merchant had started to emerge and modern business practices were becoming evident.
Magna Carta Libertatum, commonly called Magna Carta or sometimes Magna Charta, is a royal charter of rights agreed to by King John of England at Runnymede, near Windsor, on 15 June 1215. First drafted by the Archbishop of Canterbury, Cardinal Stephen Langton, to make peace between the unpopular king and a group of rebel barons who demanded that the King confirm the Charter of Liberties, it promised the protection of church rights, protection for the barons from illegal imprisonment, access to swift and impartial justice, and limitations on feudal payments to the Crown, to be implemented through a council of 25 barons. Neither side stood by their commitments, and the charter was annulled by Pope Innocent III, leading to the First Barons' War.
A market town is a settlement most common in Europe that obtained by custom or royal charter, in the Middle Ages, a market right, which allowed it to host a regular market; this distinguished it from a village or city. In Britain, small rural towns with a hinterland of villages are still commonly called market towns, as sometimes reflected in their names.
Gillingham is a town and civil parish in the Blackmore Vale area of Dorset, England. It lies on the B3095 and B3081 roads, approximately four miles south of the A303 trunk road and five miles northwest of Shaftesbury. It is the most northerly town in the county. In the 2011 census the civil parish had a population of 11,756. The neighbouring hamlets of Peacemarsh, Bay and Wyke have become part of Gillingham as it has expanded.
Loughborough is a market town in the Charnwood Borough of Leicestershire, England; it is the administrative centre of Charnwood Borough Council. At the United Kingdom 2021 census, the town's built-up area had a population of 64,884.
Stamford is a town and civil parish in the South Kesteven district of Lincolnshire, England. The population at the 2011 census was 19,701 and estimated at 20,645 in 2019. The town has 17th- and 18th-century stone buildings, older timber-framed buildings and five medieval parish churches. It is a frequent film location. In 2013 it was rated a top place to live in a survey by The Sunday Times. Its name has been passed on to Stamford, Connecticut, founded in 1641.
Medieval communes in the European Middle Ages had sworn allegiances of mutual defense among the citizens of a town or city. These took many forms and varied widely in organization and makeup.
England in the Middle Ages concerns the history of England during the medieval period, from the end of the 5th century through to the start of the early modern period in 1485. When England emerged from the collapse of the Roman Empire, the economy was in tatters and many of the towns abandoned. After several centuries of Germanic immigration, new identities and cultures began to emerge, developing into kingdoms that competed for power. A rich artistic culture flourished under the Anglo-Saxons, producing epic poems such as Beowulf and sophisticated metalwork. The Anglo-Saxons converted to Christianity in the 7th century, and a network of monasteries and convents were built across England. In the 8th and 9th centuries, England faced fierce Viking attacks, and the fighting lasted for many decades. Eventually, Wessex was established as the most powerful kingdom and promoted the growth of an English identity. Despite repeated crises of succession and a Danish seizure of power at the start of the 11th century, it can also be argued that by the 1060s England was a powerful, centralised state with a strong military and successful economy.
A marketplace, market place, or just market, is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a souk, bazaar, a fixed mercado (Spanish), itinerant tianguis (Mexico), or palengke (Philippines). Some markets operate daily and are said to be permanent markets while others are held once a week or on less frequent specified days such as festival days and are said to be periodic markets. The form that a market adopts depends on its locality's population, culture, ambient, and geographic conditions. The term market covers many types of trading, such as market squares, market halls, food halls, and their different varieties. Thus marketplaces can be both outdoors and indoors, and in the modern world, online marketplaces.
Stourbridge fair was an annual fair held on Stourbridge Common in Cambridge, England. At its peak it was the largest fair in Europe and was the inspiration for Bunyan's "Vanity Fair".
In the history of England, the High Middle Ages spanned the period from the Norman Conquest in 1066 to the death of King John, considered by some historians to be the last Angevin king of England, in 1216. A disputed succession and victory at the Battle of Hastings led to the conquest of England by William of Normandy in 1066. This linked the Kingdom of England with Norman possessions in the Kingdom of France and brought a new aristocracy to the country that dominated landholding, government and the church. They brought with them the French language and maintained their rule through a system of castles and the introduction of a feudal system of landholding. By the time of William's death in 1087, England formed the largest part of an Anglo-Norman empire, ruled by nobles with landholdings across England, Normandy and Wales. William's sons disputed succession to his lands, with William II emerging as ruler of England and much of Normandy. On his death in 1100 his younger brother claimed the throne as Henry I and defeated his brother Robert to reunite England and Normandy. Henry was a ruthless yet effective king, but after the death of his only male heir William Adelin, he persuaded his barons to recognise his daughter Matilda as heir. When Henry died in 1135 her cousin Stephen of Blois had himself proclaimed king, leading to a civil war known as The Anarchy. Eventually Stephen recognised Matilda's son Henry as his heir and when Stephen died in 1154, he succeeded as Henry II.
The history of England during the Late Middle Ages covers from the thirteenth century, the end of the Angevins, and the accession of Henry II – considered by many to mark the start of the Plantagenet dynasty – until the accession to the throne of the Tudor dynasty in 1485, which is often taken as the most convenient marker for the end of the Middle Ages and the start of the English Renaissance and early modern Britain.
The Champagne fairs were an annual cycle of trade fairs which flourished in different towns of the County of Champagne in Northeastern France in the 12th and 13th centuries, originating in local agricultural and stock fairs. Each fair lasted about two to three weeks. The Champagne fairs, sited on ancient land routes and largely self-regulated through the development of the Lex mercatoria, became an important engine in the reviving economic history of medieval Europe, "veritable nerve centers" serving as a premier market for textiles, leather, fur, and spices. At their height, in the late 12th and the 13th century, the fairs linked the cloth-producing cities of the Low Countries with the Italian dyeing and exporting centers, with Genoa in the lead, dominating the commercial and banking relations operating at the frontier region between the north and the Mediterranean. The Champagne fairs were one of the earliest manifestations of a linked European economy, a characteristic of the High Middle Ages.
The economy of England in the Middle Ages, from the Norman invasion in 1066, to the death of Henry VII in 1509, was fundamentally agricultural, though even before the invasion the local market economy was important to producers. Norman institutions, including serfdom, were superimposed on an existing system of open fields and mature, well-established towns involved in international trade. Over the five centuries of the Middle Ages, 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 and extraction economies, including shifts in the holders of wealth and the location of these economies, the economic output of towns and mines developed and intensified over the period. By the end of the period, England had a weak government, by later standards, overseeing an economy dominated by rented farms controlled by gentry, and a thriving community of indigenous English merchants and corporations.
The economics of English agriculture in the Middle Ages is the economic history of English agriculture from the Norman invasion in 1066, to the death of Henry VII in 1509. England's economy was fundamentally agricultural throughout the period, though even before the invasion the market economy was important to producers. Norman institutions, including serfdom, were superimposed on an existing system of open fields.
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 corporations.
Southampton Castle was located in the town of Southampton in Hampshire, England. Constructed after the Norman conquest of England, it was located in the north-west corner of the town overlooking the River Test, initially as a wooden motte and bailey design. By the late 12th century the royal castle had been largely converted to stone, playing an important part in the wine trade conducted through the Southampton docks. By the end of the 13th century the castle was in decline, but the threat of French raids in the 1370s led Richard II to undertake extensive rebuilding. The result was a powerfully defended castle, one of the first in England to be equipped with cannon. The castle declined again in the 16th century and was sold off to property speculators in 1618. After being used for various purposes, including the construction of a Gothic mansion in the early 19th century, the site was flattened and largely redeveloped. Only a few elements of the castle still remain visible in Southampton.
During the late Middle Ages the seaside town of Scarborough, in Yorkshire, was an important venue for tradesmen from all over England. It was host to a huge 45-day trading event starting on 15 August, and continuing until the end of September. Merchants came to it from all areas of England, Norway, Denmark, the Baltic states, the Byzantine Empire and the Ottoman Empire. Scarborough Fair originated from a royal charter granted by King Henry III of England on 22 January 1253. The charter, which gave Scarborough many privileges, stated "The Burgesses and their heirs forever may have a yearly fair in the Borough, to continue from the Feast of the Assumption of the Blessed Virgin Mary until the Feast of St Michael next following". Naturally, such a large occasion attracted a lot more than just tradesmen; they needed to be entertained and fed and therefore large crowds of buyers, sellers, and pleasure-seekers attended the fair. Prices were determined by supply and demand, with goods often being exchanged through the barter system. Records show that from 1383 due to another fair in neighbouring Seamer, Scarborough's prosperity slumped.
The information about Scotland's domestic and foreign trade during the Middle Ages is limited. In the early Middle Ages the rise of Christianity meant that wine and precious metals were imported for use in religious rites. Imported goods found in archaeological sites of the period include ceramics and glass, while many sites indicate iron and precious metal working. The slave trade was also important and in the Irish Sea it may have been stimulated by the arrival of the Vikings from the late eighth century.
The medieval English wool trade was one of the most important factors in the medieval English economy. The medievalist John Munro notes that "[n]o form of manufacturing had a greater impact upon the economy and society of medieval Britain than did those industries producing cloths from various kinds of wool." The trade's liveliest period, 1250–1350, was 'an era when trade in wool had been the backbone and driving force in the English medieval economy'.
