Finance

Question 1

In 1272, who did England have a trade dispute with over the
export of wool?

Answer 1

Flanders

Question 2

To solve the dispute, how much did the merchants agree to
pay as a customs duty?

Answer 2

7 shillings and 6 pence per sack

Question 3

How much did the Riccardi family loan Edward?

Answer 3

£390,000

Question 4

Even though Edward refused to repay the Riccardi’s after they went bust, which Italian family still provided further loans to him?

Answer 4

Frescobaldi

Question 5

Why were bankers always willing to lend to Edward?

Answer 5

Strength of the wool trade

Question 6

What were medieval coins made from?

Answer 6

Silver

Question 7

What crime resulted in the coinage losing value and reliability?

Answer 7

Coin-clipping

Question 8

How much did Edward receive for reminting and replacing the old coinage?

Answer 8

£25,000

Question 9

How much did Edward raise the wool tax to in 1294?

Answer 9

40 shillings per sack

Question 10

When was Edward forced to remove the Wool Tax because of its unpopularity?

Answer 10

1296