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Edward I, also known as Edward Longshanks and the Hammer of the Scots, was King of England from 1272 to 1307. Concurrently, he was Lord of Ireland, and from 1254 to 1306 he ruled Gascony as Duke of Aquitaine in his capacity as a vassal of the French king. Before his accession to the throne, he was commonly referred to as the Lord Edward. The eldest son of Henry III, Edward was involved from an early age in the political intrigues of his father's reign. In 1259, he briefly sided with a baronial reform movement, supporting the Provisions of Oxford. After reconciliation with his father, he remained loyal throughout the subsequent armed conflict, known as the Second Barons' War. After the Battle of Lewes, Edward was held hostage by the rebellious barons, but escaped after a few months and defeated the baronial leader Simon de Montfort at the Battle of Evesham in 1265. Within two years, the rebellion was extinguished and, with England pacified, Edward left to join the Ninth Crusade to the Holy Land in 1270. He was on his way home in 1272 when he was informed of his father's death. Making a slow return, he reached England in 1274 and was crowned at Westminster Abbey.
Edward III, also known as Edward of Windsor before his accession, was King of England from January 1327 until his death in 1377. He is noted for his military success and for restoring royal authority after the disastrous and unorthodox reign of his father, Edward II. Edward III transformed the Kingdom of England into one of the most formidable military powers in Europe. His fifty-year reign is one of the longest in English history, and saw vital developments in legislation and government, in particular the evolution of the English Parliament, as well as the ravages of the Black Death. He outlived his eldest son, Edward the Black Prince, and was succeeded by his grandson, Richard II.
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant". Few banks today restrict their activities to such a narrow scope.
The Frescobaldi are a prominent Florentine noble family that have been involved in the political, social, and economic history of Tuscany since the Middle Ages. Originating in the Val di Pesa in the Chianti, they appear holding important posts in Florence in the twelfth century.
The first phase of the Hundred Years' War between England and France lasted from 1337 to 1360. It is sometimes referred to as the Edwardian War because it was initiated by King Edward III of England, who claimed the French throne in defiance of King Philip VI of France. The dynastic conflict was caused by disputes over the French feudal sovereignty over Aquitaine and the English claims over the French royal title. The Kingdom of England and its allies dominated this phase of the war, and Edward's sovereignty over Aquitaine was confirmed in the Treaty of Brétigny (1360), although he renounced his claim to the French throne.
The bond market is a financial market in which participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market. This is usually in the form of bonds, but it may include notes, bills, and so on for public and private expenditures. The bond market has largely been dominated by the United States, which accounts for about 39% of the market. As of 2021, the size of the bond market is estimated to be at $119 trillion worldwide and $46 trillion for the US market, according to the Securities Industry and Financial Markets Association (SIFMA).
Vale Royal Abbey is a former medieval abbey and later country house in Whitegate, England. The precise location and boundaries of the abbey are difficult to determine in today's landscape. The original building was founded c. 1270 by the Lord Edward, later Edward I, for Cistercian monks. Edward had supposedly taken a vow during a rough sea crossing in the 1260s. Civil wars and political upheaval delayed the build until 1272, the year he inherited the throne. The original site at Darnhall was unsatisfactory, so was moved a few miles north to the Delamere Forest. Edward intended the structure to be on a grand scale—had it been completed it would have been the largest Cistercian monastery in the country—but his ambitions were frustrated by recurring financial difficulties.
Italians in the United Kingdom, also known as Italian Brits are citizens and/or residents of the United Kingdom who are fully or partially of Italian descent, whose ancestors were Italians who emigrated to the United Kingdom during the Italian diaspora. The phrase may refer to someone born in the United Kingdom of Italian descent, someone who has emigrated from Italy to the United Kingdom, or someone born elsewhere, who is of Italian descent and has migrated to the UK. More specific terms used to describe Italians in the United Kingdom include: Italian English, Italian Scots, and Italian Welsh.
The Company of Merchants of the Staple of England, the Merchants of the Staple, also known as the Merchant Staplers, is an English company incorporated by Royal Charter in 1319 dealing in wool, skins, lead and tin which controlled the export of wool to the continent during the late medieval period. The company of the staple may perhaps trace its ancestry back as far as 1282 or even further.
In European historiography, the term "staple" refers to the entire medieval system of trade and its taxation; its French equivalent is étape, and its German equivalent stapeln, words deriving from Late Latin stapula with the same meaning, derived from stabulum. designating a system that Hadrianus Junius considered to be of Gaulish origin.
The Ordinance of the Staple was an ordinance issued in the Great Council in October 1353. It aimed to regularise the status of staple ports in England, Wales, and Ireland. In particular, it designated particular ports where specific goods could be exported or imported. These were called the 'staple ports'. It also established dedicated courts, known as the courts of staple, where disputes relating to commercial matters could be heard, in preference to the courts of common law.
The Simonetti family is an Italian noble family with origins in Tuscany. During the 12th century different branches in Florence, Terni, Lucca, Pistoia and Pescia developed. Other famous branches of this family were established in Jesi, Palermo, Milan and Bologna.
Richard of Pudlicott, also known as Richard de Podelicote, was an English wool merchant who, down on his luck, became an infamous burglar of King Edward I's Wardrobe treasury at Westminster Abbey in April of 1303. Richard, along with high-ranked accomplices primarily consisting of the monks of Westminster Abbey, stole a large portion of the king's treasury of gems, antique gold and coins, estimated at over 100,000 pounds, or about equal to a year's tax revenue for the Kingdom of England. When priceless objects began flooding pawn shops, houses of prostitution and even fishing nets in the River Thames, the king and his ministers, away at war in Scotland, were alerted. King Edward began his investigation into the incident in June of 1303, which revealed the possible involvement of over 40 monks. Many dozens of people were rounded up and jailed in a wide and indiscriminate net and eventually brought to one of the biggest trials of the High Middle Ages in England. Ultimately most of the loot was recovered and a dozen or so were hanged, including Richard, but most escaped the executioner. Richard gave a false confession that he was the only one involved, saving the clergy—his inside accomplices—from being condemned. After his hanging, his body was flayed, and legend said his skin was nailed to the door of Westminster Abbey as a warning to other would-be criminals. A 2005 study of the door, dating back to the reign of King Edward I revealed the legend to be false. The fragments of hide found under the door's lone surviving iron strap turned out to be from an animal hide which once covered the door.
The medieval English saw their economy as comprising three groups – the clergy, who prayed; the knights, who fought; and the peasants, who worked the land and 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 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.
The Scali were one of the three leading Florentine banking families in the Middle Ages. Alongside their competitors, they grew from local cloth traders and deposit bankers to international financiers during the 13th century. By the beginning of the 14th century, the Scalis had become the mightiest commercial house in Italy. In 1326, they abruptly went bankrupt and the company disappeared.
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.
Chris Brooks is Professor of Finance in the School of Accounting and Finance at the University of Bristol, United Kingdom.
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'.
Leonardo Frescobaldi (1485–1529) was an Italian merchant based in England at the court of Henry VIII.
References
- ↑ Stark, Rodney (2005). The Victory of Reason. New York: Random House.
- 1 2 Moore, T. K. "Credit Finance in the Middle Ages" (PDF). Economic History Society . University of Reading. Archived from the original (PDF) on 29 May 2020. Retrieved 2 June 2024.
- ↑ Bell, Adrian R; Brooks, Chris; Moore, Tony (12 June 2019). "England's history of defaulting on European lenders shows repercussions of not paying Brexit bill". The Conversation . Retrieved 2 June 2024.
- ↑ Bowlby, Chris (26 December 2008). "A medieval take on financial woe". BBC News . Retrieved 2 June 2024.
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