Life in Medieval England Flashcards
Number of sheep in 1300
12 million
Name 4 jobs involved in the wool trade
Shepherds
Shearers
Clerks
Sailors
Why did towns develop?
-Growing markets
-A hub of craftsmen was created
-Edward created may towns as they were profitable as he could implement taxes and tolls on them
Number of sacks of wool exported from England per year
40,000
How did the wool trade benefit Edward?
The wool trade was important because it not only helped provide money and food for the people and meant that England was more stable, but meant it made enough money that Edward I could also tax the wool trade and this provided a steady income to help him fund his wars in Wales and Scotland.
Wool customs duty 1275
7s 4d
Wool customs duty 1293
40s
Example of resistance to the increased customs duty on wool
1297: one of the barons physically blocked the collection of taxes at the Exchequer
By ___ Edward had borrowed __ from the Riccardi
1294
&
£390,000
What did towns need to legally hold markets?
Royal charters
How did re-coinage benefit Edward?
-Encouraged trade as it lowered inflation and foreign merchants would accept their coins
-More trade duties paid
-Higher income for the Edmeister
When was coin clipping made punishable by death?
1275
When was the England/France war?
Effect on Riccardi bankers
1294
Their money was in France but Edward demanded more
French king stopped them from accessing the money
The Riccardi were ruined
Who replaced the Riccardi?
The Frescobaldi
When were the coins replaced?
1279
Edward’s profit from re-coinage
£25,000
Jews executed in the coin clipping crisis
273