By Adrian R. Bell
The wool marketplace was once very important to the English medieval financial system and wool ruled the English export alternate from the overdue 13th century to its decline within the overdue 15th century. Wool was once on the leading edge of the institution of britain as a eu political and fiscal energy and this 2007 quantity was once the 1st learn of the medieval wool industry in over twenty years. It investigates intimately the dimensions and scope of enhance contracts for the sale of wool; nearly all of those agreements have been shaped among English monasteries and Italian retailers, and the ebook specializes in the knowledge contained inside of them. The pricing buildings and industry potency of the agreements are tested, utilising practices from sleek finance. an in depth case research of the influence of stepping into such agreements on medieval English monasteries can also be offered, utilizing the instance of Pipewell Abbey in Northamptonshire.
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Extra resources for The English Wool Market, c. 1230-1327
Example text
Advance Contracts, no. 99. For more details of which, see Della Decima, pp. 324–327. E 159/59, rot. 9d; E 368/59, rot. 19d. Advance Contracts, no. 86. E 159/61, rot. 11d. Advance Contracts, no. 99. 14. 24 The English Wool Market, c. 47 The Cistercian houses of Yorkshire produced some of the highest quality wool in England and prepared their product on what might be termed a professional basis. The monks could always hope to find a ready market for their wool. On the other hand, E. 48 This was presumably not an experience peculiar to Yorkshire, as the Exchequer Schedule of 1294 amply demonstrates.
4. Advance Contracts, no. 111. E 159/51, rot. , E 368/51, rot. 13d (schedule). Advance Contracts, no. 23. Thomas had eight sacks of the abbey’s wool seized in Bruges in 1274: E 163/5/17, m. 1. ‘ . . idem Thomas ad mandatum et ob reverenciam dicti domini Regis, necnon ad relevacionem status religiosorum ipsorum, [mera] et spontanea voluntate sua . . ’ Advance contracts for the sale of wool 35 Thomas’s dresser and adhere to his will at their expenses in the preparation of the wool. 97 Within three years, however, Thomas had been forced into accepting a renegotiation of this contract on a smaller scale and over a postponed delivery period.
Many merchants also built penalty clauses into contracts to insure themselves against default. 122 Some simply imposed a charge, either a set figure or the value of one sack, in the event of any sack being left out of the delivery of the full contracted amount. 123 In one extraordinary case, Giles de Ayre, on behalf of John Wermond of 119 120 121 122 123 E 159/58, rot. 16; E 368/58, rot. 19. Advance Contracts, no. 78. E 159/59, rot. 4 (schedules). Advance Contracts, no. 82. E 159/61, rot. 14. Advance Contracts, no.