Chapter 1: The Place of Credit and Coin in the Medieval English Economy
The Relationship of Credit to the Monetary Economy
The Shortage of Coin
The Crown and the Coinage
Barter
The Constraints on Credit
Usury and Interest
Risks of Default
The Instability of Credit
The Balance of Trade and Coin
The Wool Trade and Credit
Chapter 2: The Records of the Statutes of Acton Burnell, and Merchants, 1284–1349
The Registries
Conflicting interpretations of the Certificates
The Certificates of Debt as a Sample of Credit
A London Merchant’s record of Credit.
The Relationship between Credit and Wool Exports
.
Chapter 3: The Contribution of Alien Creditors to the English Economy, 1285–1289
Italian Creditors, 1285-9
Cahorsin Creditors, 1285-9
Gascon Creditors, 1285-9
German Merchants
Other alien creditors
London and Alien Merchants
Chapter 4: English Wealth and Credit, 1285–1289
London and its Region
Shropshire
Lincolnshire
Yorkshire
Hampshire
Credit in other coastal counties
Northumberland
The Inland Counties
Chapter 5: The Growth of English Credit,1290–1294
Hampshire
Yorkshire
Shropshire
Lincolnshire
London
Bristol
The New Registries
Nottingham
Chester
Chapter 6: Warfare, Currency Confusion, and Falling Credit, 1295–1299
Hampshire
Lincolnshire
Yorkshire
Shropshire
Herefordshire
Nottinghamshire and Derbyshire
Devon
London
Chapter 7: Recovery and New Patterns of Credit, 1300–1304
London
Nottinghamshire and Derbyshire
Lincolnshire
Norfolk
Yorkshire
Shropshire
Herefordshire
Devon
Chapter 8: Monetary Expansion and Economic Growth, 1305–1309
London and its Region
Oxford and its Region
Bristol and its Region
Norfolk
Nottinghamshire
Derbyshire,
Leicestershire
Lincolnshire
Yorkshire
Shropshire
Herefordshire
Hampshire
Devon
Chapter 9: Crises, Conflicts, and Mercantile Credit, 1311–1329
Circumstances inimical to credit
Repeal of the Ordinances, 1322
Differing regional concentrations of merchants
London
London’s Region
Norfolk
Suffolk
Lincolnshire
Yorkshire
Shropshire
Herefordshire
Bristol, Somerset and Gloucestershire
Nottinghamshire
Staffordshire
Chapter 10: Warfare, Gold, and Regional Disparities, 1330–1339
London
The expansion of London’s Region
Norfolk
Suffolk
Growth in the Midlands:
Northamptonshire
Warwickshire
Oxfordshire
Bristol and Somerset
Dorset
Cornwall and Devon
Counties with Declining Credit:
Lincolnshire
Shropshire
Herefordshire
Yorkshire
Chapter 11: English Financiers, a Gold Currency and Plague, 1340–1349
Coin and Credit
Counties with Falling Credit:
Oxfordshire
Norfolk
Counties with Increased Credit:
London
The Rise of London’s Mercers
Other London Creditors
Increased Provincial Enterprise and Credit
Devon
Wiltshire
Bristol
Gloucestershire
Herefordshire
Warwickshire
Lincolnshire
Newcastle and Northumberland
Yortkshire
Chapter 12: Conclusions
Pamela Nightingale read history at Newnham College, Cambridge, where she stayed to do research for a Ph.D. which she was awarded in 1963. Her first three books were on the history of British India and Chinese Central Asia from the eighteenth to the twentieth centuries, until she changed her field to write a book on the trade and politics of medieval London. Her research led her to investigate and then to calendar the huge collection of certificates of debt in the National Archives on which this present book is based. Her publications, two Senior Research Fellowships held at the Ashmolean Museum, and regular participation in an Oxford research seminar on medieval economic and social history led to her election in 1999 as a member of Oxford University's Faculty of History, and in 2010 she was awarded an Oxford D.Litt. She is also a Fellow of the Royal Historical Society.
This book charts the contributions made to the development of the late medieval English economy by enterprise, money, and credit in a period which saw its major export trade in wool, which earned most of its money-supply, suffer from prolonged periods of warfare, high taxation, adverse weather, and mortality of sheep. Consequently, the economy suffered from severe shortages of coin, as well as from internal political conflicts, before the plague of 1348-9 halved the population. The book examines from the Statute Merchant certificates of debt, the extent to which credit, which normally reflects economic activity, was affected by these events, and the extent to which London, and the leading counties were affected differently by them. The analysis covers the entire kingdom, decade by decade, and thereby contributes to the controversy whether over-population or shortage of coin most inhibited its development.