While the Vikings are perhaps best known for accumulating wealth by plunder, tribute, and conquest, they were also skilled and successful traders. The Vikings developed several trading centres both in Scandinavia and abroad as well as a series of long-distance trading routes during the Viking Age (c. 8th Century AD to 11th Century AD). Viking trading centres and trade routes would bring tremendous wealth and plenty of exotic goods such as Arab coins, Chinese silks, and Indian Gems. [1] : 10 Vikings also established a "bullion economy" in which weighed silver, and to a lesser extent gold, was used as a means of exchange. Evidence for the centrality of trade and economy can be found in the criminal archaeological record through evidence of theft, counterfeit coins, and smuggling. [2] The Viking economy and trade network also effectively helped rebuild the European economy after the fall of the Roman Empire [1] : 123 The Vikings unique seafaring abilities and ships allowed them to develop expansive trade routes across continents, from North America to Asia, covering some 8,000km. [3]
The Norse Vikings had a big, expansive and planned out trade network. Trade took place on a gold level and over short and long distances. Improvements in ship technology and cargo capabilities made trade and the transport of goods much easier, [4] [1] : 97 especially as Europe began to shift to a bulk economy. [1] : 128 The majority of trade was conducted among the several ports that lined the Scandinavian coasts, [5] and the routes were well enough established that they were frequented by pirates looking to seize possessions. [4] : 27 Viking raids likely followed such established trade routes. [4] : 24
The Vikings also engaged in trade with merchants throughout Europe, Asia and the Far East. [6] The Volga and Dnieper Trade Routes were the two main trade routes that connected Northern Europe with Constantinople, Jerusalem, Baghdad, and the Caspian Sea, and the end of the Silk Road. These trade routes not only brought luxury and exotic goods from the Far East but also an overwhelming amount of silver Arab coins that were melted down for silver and also used for trade. [1] : 103
Several trade routes disconnected Scandinavia with the Mediterranean with trade routes that ran through Central Europe and around the Iberian Peninsula. [7] In Iberia the first trade and exploration was likely in minerals due to the role that the region played in the Roman Period. The Iberian example shows how Viking were often traders and raiders, who in the aftermath of raids would use their newfound power to establish trade. [7] : 4-5 The Vikings also sent merchants as far west as Greenland and North America. [8]
Trade routes would play an important role in rebuilding the economy of Europe during the Viking Age. The collapse of the Roman Empire significantly reduced the European economy. Prior to the start of the Viking Age, trade had begun to rise again, however, it was highly dependent on bartering. Viking trade and raids helped reintroduce coins and other valuable goods that were either traded for or stolen back into the economy. Such goods were reintroduced into the economy through either trade or markets that were set up by the Vikings for the purpose of selling plundered objects. [1] : 123
At the beginning of the Viking Age, the first proper trading towns developed in Scandinavia. These appeared in central locations along Scandinavia's coasts near natural harbors or fjords. Trading centers varied in size, character, and significance. Only a select few developed into international trading posts. Every town was ruled by a king who imposed taxes on imported and exported goods in exchange for military protection of the town's citizens. [5]
The largest trading centers during the Viking Age were Ribe (Denmark), Kaupang (Norway), Hedeby (Denmark), and Birka (Sweden) in the Baltic region. [8]
Hedeby was the largest and most important trading center. Located along the southern border of Denmark in the inner part of the Schlei Fjord, Hedeby controlled both the north–south trade routes (between Europe and Scandinavia) and the east–west routes (between the Baltic and the North Seas). [6] At its peak, Hedeby's population was around 1000 people. [5] Archaeological evidence from Hedeby suggests that the city's economic importance was of political significance as fortifications were erected in the tenth century to withstand numerous assaults. [1] : 107
Ribe, located on the West coast of Denmark, was established in the early 8th century as the eastern end of a trading and monetary network that stretched around the North Sea. [8] Many of the trading towns in the Baltic would begin to disappear shortly after the year 1000 as the continent shifted to a bulk economy that minimized the role of these centres. This was also parallel with the rise of royal power in the region. [1] : 128-129
Scandinavian York (Jórvík) was a major manufacturing centre, particularly in metalwork. Archaeological evidence indicates that it had a busy international trade with thriving workshops, and well-established mints. It had several routes to Norway and Sweden with onward connections to Byzantium and the Muslim world via the Dnieper and Volga rivers. It's craftspeople sourced their raw materials both near and far. There was gold and silver coming from Europe, copper and lead from the Pennines and tin from Cornwall. Also, there was amber, for the production of jewelry, coming from the Baltic and soapstone to make large cooking pots from Norway or Shetland. Wine was imported from the Rhineland with silk for the production of hats coming from Byzantium. [9] : 71–77 [10] [11]
There were also several Viking trading centers located along several rivers in modern-day Russia and Ukraine including Gorodische, Gnezdovo, Cherigov, Novgorod, and Kyiv. These towns became major trade destinations on the trading route from the Baltic Sea to Central Asia. [8]
Viking settlements also played an important role in Viking trade. In Viking settlements such as Ireland the first peaceful interactions between the Native Irish and the Vikings were economic in nature. [12] Silver hoards in Ireland containing coins from other corners of the Viking World also show how such settlements were very quickly incorporated into a new Global economy. [13] : 91 Here the initial strategic military significance of such settlements morphed into economic and political significance. [13] : 94 Place names also show the broader economic significance and impact of the Vikings. The Copeland Islands off the coast of Ireland bear the name of “Merchant Islands” in Old Norse. In Normandy linguistic patterns also suggest the centrality of trade in the Viking settlement as the only lasting Norse influence in the region is in language is both trade centric and trade specific. [14] In the Viking Greenland settlements it is also suspected that the walrus ivory trade may have been the primary means of economic sustenance for the populations there based on isotopic analysis of walrus ivory from around the Viking Diaspora. [15]
In the first half of the ninth century, Scandinavians, known as the Rus, settled in what is now Russia. They were likely drawn by the opportunity to gather furs, slaves, and other goods from the forests and Arctic regions, which they could then trade in the thriving markets along the Volga River. [16]
Additionally, Harstad, located north of the Lofoten and Ofoten archipelagos, was a key trading settlement during the Iron Age, serving as both an agricultural frontier and an ethnic boundary between the Norse and the Sami. The Sami played a crucial role in the fur trade, supplying furs to various peoples, including the Scandinavian Norse. They were also involved in the blubber trade, which was phased out in the eleventh century and replaced with the trade of cod liver oil. During the Viking and Middle Ages, the Sami and other groups on the fur trade's supply side endured harsh and often violent extortion, or tribute, from multiple countries simultaneously. The conversion of neighboring Norse and Karelian societies to Christianity in the tenth and eleventh centuries provided a pretext for the ruthless exploitation of the pagan Sami. [17]
The development of cargo ships called the knarr allowed for the rise of bulk cargo transport across long distances. These new cargo ships were introduced around 1000CE to Northern Europe and featured new technology like high freeboards and permanent masts which reduced the need for rowers on the ships. The ships could also carry around 24 tons of cargo. The growing maritime connectivity, encouraged the spread of Latin and Christianity into areas of Scandinavia and Baltic Sea. [18] [19]
The Viking Ship museum has created five reconstructions of Viking ships. One in particular Ottar 1 is a large cargo ship from Western Norway. [20]
Silver, silk, spices, weapons, wine, glassware, quern stones (for grinding grain), fine textiles, pottery, slaves, both precious and non-precious metals. [8] [21] [5] [22]
Honey, tin, wheat, wool wadmal, various types of fur and hides, feathers, falcons, whalebone, walrus ivory, and other stud reindeer antler, and amber. [5] [23] [8] [24]
Coins played an important role in Viking age trade, with many of the coins that were used by Vikings coming from the Islamic world. More than 80,000 silver Viking age Arab silver dirhams have been found in Gotland, and another 40,000 found in mainland Sweden. These numbers are likely only a fraction of the total influx of Arab currency into Viking Age Scandinavia as a great deal of silver coins were also likely melted down to make other silver objects including ingots, ornaments, and jewelry. [1] : 103 [25] In Iceland, archaeological evidence suggests that while coins may not have been as prevalent as they were in Scandinavia, they still played an important role in daily life and as a status symbol. [26] Coins also carried symbolic power. A series of coins minted during the 9th century that were meant to look like coins from the Carolingian empire might have been intended for use as a political symbol for resisting its reach and influence.
The fur trade was an important piece of the Viking trade network. The furs often exchanged hands through a number of intermediaries enriching each. One of the routes that furs took was south and east into the Arab world where it was often highly priced. One Arab writer states that during the 10th century that “one black pelt reaches the price of 100 dinars.” [1] : 113
Slaves were one of the most important trade items. [21] The Vikings bought and sold slaves throughout their trade network. Viking slaves were known as thralls. A good number of slaves were exported to the Islamic world. [8] In Viking Raids, slaves and captives were usually of great importance for both the monetary and labor value. In addition to being bought and sold slaves could be used to pay off debts, [4] : 106 and were often used as human sacrifices in religious ceremonies. A slave's price depend on their skills, age, health, and looks. [4] : 106
Many slaves were sold to slavery in the Abbasid Caliphate via the Bukhara slave trade because of the high demand. Many European Christians and Pagans were sold to them by the Vikings. [1] : 116 The slave trade also existed in Northern Europe as well were other Norse Men and Women were sold and held as slaves as well. Records from the life of Archbishop Timber suggest that this was quite common. [1] : 117 The Life of St. Anskar also suggests that slaves were a tradable commodity. [4] : 26 Individuals were often also held as captives for ransom instead of just being seized and sold into slavery. [7] : 11
In Northwestern Europe it is likely that Viking Age Dublin became the center of the Slave trade, [4] : 35 with one account from the Fragmentary Annals describing Vikings bringing “Blue Men” back from raids in the south as slaves. These slaves were likely Black African prisoners taken from raids in either North Africa or the Iberian peninsula. [7] : 56
People taken captive during the Viking raids in Europe could be sold to Moorish Spain via the Dublin slave trade [27] or transported to Hedeby or Brännö in Scandinavia and from there via the Volga trade route to Russia, where slaves and furs were sold to Muslim merchants in exchange for Arab silver dirham and silk, which have been found in Birka, Wollin and Dublin; [28] initially this trade route between Europe and the Abbasid Caliphate passed via the Khazar Kaghanate, [29] but from the early 10th-century onward it went via Volga Bulgaria and from there by caravan to Khwarazm, to the Samanid slave market in Central Asia and finally via Iran to the Abbasid Caliphate. [30] European slaves were popular in the Middle East where they were termed as saqaliba . Archeological evidence indicates that raids targeting young people may have been one method of capturing the Slav saqaliba . [3]
The slaves were often paid for with silver Arabic coins, which would then travel back along the Russian river trade routes back to Scandinavia, contributing to the silver hoard. [31]
Trade during the Viking Age also took place at the local level, primarily involving agriculture products such as vegetables, grains, and cereals. Domestic animals were also traded among local peoples. These items were brought into town by farmers and traded for basic necessities, such as tools and clothes, and luxury items, such as glassware and jewelry. [6]
Viking-age rulers sought to make their towns appealing to long-distance merchants by offering security in exchange for trade. Merchants, who risked their goods, freedom, and lives, needed assurance that their ventures would be protected. In return, they would pay taxes for this security. The revenue generated from these taxes was likely highly valuable, as Scandinavian kings were willing to eliminate competitors and, at times, even actively pursue trade agreements with the Carolingian and Byzantine Empires. There were locations in Hedeby, Birka, and Scythia. However, it is important to note that these places were also strict of how those merchants interacted with the trade market. An example, includes the Varangian merchants who were only allowed to be in a specific part of Constantinople, enter through a specific gate, not carry any weapons, and not to travel in groups of fifty or more. [32]
The Viking Age saw the development of a bullion economy. In this economic framework, traders and merchants exchanged goods for bullion (precious metals, primarily gold and silver). Trade was usually accomplished by barter. Bullion lacked the formal quality control linked with coinage and therefore provided a highly flexible system. [33] The durability of silver and gold made them more suited for a monetary role than many other commodities.
By the 9th century, silver had become the basis for the Viking economy. Most of the silver was acquired from the Islamic world. When the silver mines near Baghdad ran dry in the late 10th century, the Vikings began to tap central Europe, specifically the Harz Mountains in Germany. [22] Bullion took the form of coins, ingots, and jewelry. The value of bullion was determined by its purity and mass. Methods used to test the purity of the metal included “pricking" and “pecking” the surface to test the hardness of the alloy and reveal plating. Determining bullion's mass required the use of weights and scales. Many of the bronze scales used by Viking traders folded on themselves making them compact and easy to carry for travel. [8]
The two types of weights imported from foreign lands were cubo-octahedral weights (Dice weights) and oblate spheroids (barrel weights). Both were produced in various sizes with markings indicating the weights they represented. The majority of imported weights came from the Islamic world and contained Arabic inscriptions. [8]
Vikings also produced their own weights for measuring quantities of silver and gold. These lead weights were decorated with enameling, insert coins, or cut up ornamental metalwork.[ citation needed ] Unlike the dice weights or barrel weights, each lead weight was unique so there was no danger of them being rearranged or switched during the course of an exchange. [8]
Silver during the Viking age was an especially important part of the bullion economy; the silver trade is often credited with the rise of the long-distance trade routes during the Viking age, as most silver originated outside of Scandinavia in present day Germany and Uzbekistan. [34] As silver was lightweight, wearable, and valuable, silver could travel and be used as currency within the bullion economy or stored in silver hoards. The alloy composition often gives clues as to the origins of the silver. However, throughout the early modern world, the source mines often fluxed with external factors like political and economic stability of the various empires. [34] Since silver can be easily melted down and recycled, it can remain in circulation far longer than most other metals. In combination with the bullion economy, some silver alloys could be from different time periods and sources. [34]
Silver often served as a wearable status symbol, displaying worldliness as most Viking silver involved long-distance trade routes. While not a pure metal like gold, and thus slightly less valuable, silver jewelry was popular during the Viking Age as it was a visible marker of wealth and interconnectedness in trade that could also serve a utilitarian purpose as it was broken off to be used as payment within the bullion economy. Many surviving Viking Age silver pieces exist as hacksilver fragments, as coins and jewelry would be measured using Islamic weight systems. Weighing "hacksilver" fragments became internationally accepted in trade from the mid-ninth century. [35]
Much of the ornate silver jewelry was often worn as a status symbol with specific motifs which were identifiers of ranks, orders, and tribes. Examination of the residue of Viking Age crucibles, shows that gold and silver were more valued than other metals like lead. [34] Primary source accounts from foreigners visiting Viking lands, discuss the awe upon seeing the large amounts of silver being worn by elites, reinforcing the idea of silver and gold as visible symbols of Viking wealth, power, and global connectedness through trade. [36]
Estimated exchange rates at the beginning of the 11th century in Iceland were:
If the weight of a piece of jewelry was more than needed to complete a purchase, it was cut up into smaller bits until the correct weight needed for the transaction was reached. The term hack silver is used to describe these silver objects. [33] Silver ingots were primarily used for large/high-value transactions. The largest found weights weigh more than 1 kilogram each. [37]
Precious metals were also used to display personal wealth and status. For example, Rus traders symbolized their wealth through silver neck rings. [8] Silver or gold gifts were often exchanged to secure social and political relationships. [33] [37]
Hedeby was an important Danish Viking Age trading settlement near the southern end of the Jutland Peninsula, now in the Schleswig-Flensburg district of Schleswig-Holstein, Germany. Around 965, chronicler Abraham ben Jacob visited Hedeby and described it as, "a very large city at the very end of the world's ocean."
Truso was a Viking Age port of trade (emporium) set up by the Scandinavians at the banks of the Nogat delta branch of the Vistula River, close to a bay, where it emptied into the shallow and brackish Vistula Lagoon. This sizeable lagoon is separated from the Gdańsk Bay by the Vistula Spit at the southern Baltic Sea coast. In the 9th century, the merchant Wulfstan of Hedeby travelled to Truso in the service of the English King Alfred the Great and wrote his account of the place at a prominent location of the Amber Road, which attracted merchants from central and southern Europe, who supplied the markets in the Mediterranean and the Middle East with the highly valued commodity.
The Viking Age was the period during the Middle Ages when Norsemen known as Vikings undertook large-scale raiding, colonising, conquest, and trading throughout Europe and reached North America. The Viking Age applies not only to their homeland of Scandinavia but also to any place significantly settled by Scandinavians during the period. The Scandinavians of the Viking Age are often referred to as Vikings as well as Norsemen, although few of them were Vikings in the sense of being engaged in piracy.
Vikings were seafaring people originally from Scandinavia, who from the late 8th to the late 11th centuries raided, pirated, traded, and settled throughout parts of Europe. They also voyaged as far as the Mediterranean, North Africa, the Middle East, Greenland, and Vinland. In their countries of origin, and some of the countries they raided and settled in, this period is popularly known as the Viking Age, and the term "Viking" also commonly includes the inhabitants of the Scandinavian homelands as a whole. The Vikings had a profound impact on the early medieval history of Scandinavia, the British Isles, France, Estonia, and Kievan Rus'.
A thaler or taler is one of the large silver coins minted in the states and territories of the Holy Roman Empire and the Habsburg monarchy during the Early Modern period. A thaler size silver coin has a diameter of about 40 mm and a weight of about 25 to 30 grams. The word is shortened from Joachimsthaler, the original thaler coin minted in Joachimsthal, Bohemia, from 1520.
Precious metals are rare, naturally occurring metallic chemical elements of high economic value. Precious metals, particularly the noble metals, are more corrosion resistant and less chemically reactive than most elements. They are usually ductile and have a high lustre. Historically, precious metals were important as currency but they are now regarded mainly as investment and industrial raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
The Danes were a North Germanic tribe inhabiting southern Scandinavia, including the area now comprising Denmark proper, northern and eastern England, and the Scanian provinces of modern-day southern Sweden, during the Nordic Iron Age and the Viking Age. They founded what became the Kingdom of Denmark. The name of their realm is believed to mean "Danish March", viz. "the march of the Danes", in Old Norse, referring to their southern border zone between the Eider and Schlei rivers, known as the Danevirke.
The Swedish slave trade mainly occurred in the early history of Sweden when the trade of thralls was one of the pillars of the Norse economy. During the raids, the Vikings often captured and enslaved militarily weaker peoples they encountered, but took the most slaves in raids of the British Isles, and Slavs in Eastern Europe. This slave trade lasted from the 8th through the 11th centuries. Slavery itself was abolished in Sweden in 1335. A smaller trade of African slaves happened during the 17th and 18th centuries, around the time Swedish overseas colonies were established in North America and in Africa. Similarly to other European powers, slavery was banned in the motherland while being legal in the colonies. Consequently, slavery remained legal on the sole Swedish Caribbean colony of Saint Barthélemy from 1784 until 1847.
Ohthere of Hålogaland was a Viking Age Norwegian seafarer known only from an account of his travels that he gave to King Alfred of the Anglo-Saxon kingdom of Wessex in about 890 AD. His account was incorporated into an Old English adaptation of a Latin historical book written early in the fifth century by Paulus Orosius, called Historiarum Adversum Paganos Libri VII, or Seven Books of History Against the Pagans. The Old English version of this book is believed to have been written in Wessex in King Alfred's lifetime or soon after his death, and the earliest surviving copy is attributed to the same place and time.
The trade route from the Varangians to the Greeks was a medieval trade route that connected Scandinavia, Kievan Rus' and the Eastern Roman Empire. The route allowed merchants along its length to establish a direct prosperous trade with the Empire, and prompted some of them to settle in the territories of present-day Belarus, Russia and Ukraine. The majority of the route comprised a long-distance waterway, including the Baltic Sea, several rivers flowing into the Baltic Sea, and rivers of the Dnieper river system, with portages on the drainage divides. An alternative route was along the Dniester river with stops on the western shore of Black Sea. These more specific sub-routes are sometimes referred to as the Dnieper trade route and Dniester trade route, respectively.
Brännö is an island in the Southern Göteborg Archipelago and a locality situated in Göteborg Municipality, Västra Götaland County, Sweden. It had 708 inhabitants in 2010 and belongs to the parish of Styrsö within Gothenburg Municipality.
A knarr is a type of Norse merchant ship used by the Vikings for long sea voyages and during the Viking expansion. The knarr was a cargo ship; the hull was wider, deeper and shorter than a longship, and could take more cargo and be operated by smaller crews. It was primarily used to transport trading goods like walrus ivory, wool, timber, wheat, furs and pelts, armour, slaves, honey, and weapons. It was also used to supply food, drink, weapons and armour to warriors and traders along their journeys across the Baltic, the Mediterranean and other seas. Knarrs routinely crossed the North Atlantic carrying livestock such as sheep and horses, and stores to Norse settlements in Iceland, Greenland and Vinland as well as trading goods to trading posts in the British Isles, Continental Europe and possibly the Middle East. The knarr was constructed using the same clinker-built method as longships, karves, and faerings.
Silver coins are one of the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks; their silver drachmas were popular trade coins. The ancient Persians used silver coins between 612–330 BC. Before 1797, British pennies were made of silver.
In the Middle Ages, the Volga trade route connected Northern Europe and Northwestern Russia with the Caspian Sea and the Sasanian Empire, via the Volga River. The Rus used this route to trade with Muslim countries on the southern shores of the Caspian Sea, sometimes penetrating as far as Baghdad. The powerful Volga Bulgars formed a seminomadic confederation and traded through the Volga river with Viking people of Rus' and Scandinavia and with the southern Byzantine Empire Furthermore, Volga Bulgaria, with its two cities Bulgar and Suvar east of what is today Moscow, traded with Russians and the fur-selling Ugrians. Chess was introduced to Medieval Rus via the Caspian-Volga trade routes from Persia and Arabia.
Hacksilver consists of fragments of cut and bent silver items that were used as bullion or as currency by weight during the Middle Ages.
Viking activity in the British Isles occurred during the Early Middle Ages, the 8th to the 11th centuries CE, when Scandinavians travelled to the British Isles to raid, conquer, settle and trade. They are generally referred to as Vikings, but some scholars debate whether the term Viking represented all Scandinavian settlers or just those who used violence.
The Danish slave trade occurred separately in two different periods: the trade in European slaves during the Viking Age, from the 8th to 10th century; and the Danish role in selling African slaves during the Atlantic slave trade, which commenced in 1733 and ended in 1807 when the abolition of slavery was announced. The location of the latter slave trade primarily occurred in the Danish West Indies where slaves were tasked with many different manual labour activities, primarily working on sugar plantations. The slave trade had many impacts that varied in their nature, with some more severe than others. After many years of slavery in the Danish West Indies, Christian VII decided to abolish slave trading.
The archaeological sites Randlev and Hesselbjerg refer to two closely related excavations done throughout the 20th century near the village of Randlev in the Odder Municipality of Denmark, three kilometers southeast of the town of Odder. Randlev is known primarily for its Romanesque church constructed sometime around 1100 A.D. Hesselbjerg refers to the large Viking-Age cemetery discovered on the Hesselbjerg family farm and the site Randlev refers to the nearby settlement from the same period. Although both Randlev and Hesselbjerg were contemporaneous and encompass a similar area, Hesselbjerg refers more specifically to the 104 graves discovered prior to the later excavation at the site Randlev, which pertains to the Viking Age settlement. The settlement consisted of a farm complex that was likely active during the ninth and tenth centuries; finds from the site such as silver hoards and elaborate jewelry indicate that the farm was likely prosperous, a conjecture which is supported by the extremely fertile land surrounding the area. Artifacts were found in the vicinity of the Hesselbjerg and Randlev sites as early as 1932 when a local farmer discovered a silver hoard, but serious excavations were not conducted until 1963. These excavations ended in 1970; however, Moesgård Museum returned to the site in 1997 and continued analysis until 2010.
Viking coinage was used during the Viking Age of northern Europe. Prior to the usage and minting of coins, the Viking economy was predominantly a bullion economy, where the weight and size of a particular metal is used as a method of evaluating value, as opposed to the value being determined by the specific type of coin. By the ninth century, the Viking raids brought them into contact with cultures well familiarised with the use of coins in economies of Europe, hence influencing the Vikings own production of coins.
The Great Bullion Famine was a shortage of precious metals that struck Europe in the 15th century, with the worst years of the famine lasting from 1457 to 1464. During the Middle Ages, gold and silver coins saw widespread use as currency in Europe and facilitated trade with the Middle East and Asia; the shortage of these metals therefore became a problem for European economies. The main cause for the bullion famine was outflow of silver to the East unequaled by European mining output, although 15th-century contemporaries believed the bullion famine to be caused by hoarding.
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