Economics of Medieval English Agriculture ..
Economics of Medieval English Brewing ..
Trade and Economics in the Middle Ages
https://www.youtube.com/watch?v=67Wfw_DbNVc
Early Medieval Trade | World History | Khan Academy
https://www.youtube.com/watch?v=FyW7CUl9KDc
11th-14th centuries: Rise of Towns & Europe's Economy in the Late Middle Ages
https://www.youtube.com/watch?v=MhnyQjRjxY4
Changes in the Middle Ages 3 Economy and Trade
https://www.youtube.com/watch?v=mvbegSLqMGc
Anglo-Saxon, Norman taxation > .
Medieval Economics
http://www.petesqbsite.com/sections/tutorials/tuts/m_econ.htm
http://www.thefinertimes.com/Middle-Ages/economy-in-the-middle-ages.html
http://www.thefinertimes.com/Middle-Ages/the-black-death.html
Medieval Coinage
14th century: farthing, half penny, penny, half groat, groat, noble
https://plus.google.com/103755316640704343614/posts/V86JZuKvRAS
The loss of life in the Great Famine of 1315–17 shook the English economy severely and population growth ceased; the first outbreak of the Black Death in 1348 then killed around half the English population, with major implications for the post-plague economy. The agricultural sector shrank, with higher wages, lower prices and shrinking profits leading to the final demise of the old demesne system and the advent of the modern farming system of cash rents for lands. The Peasants Revolt of 1381 shook the older feudal order and limited the levels of royal taxation considerably for a century to come. The 15th century saw the growth of the English cloth industry and the establishment of a new class of international English merchant, increasingly based in London and the South-West, prospering at the expense of the older, shrinking economy of the eastern towns. These new trading systems brought about the end of many of the international fairs and the rise of the chartered company. Together with improvements in metalworking and shipbuilding, this represents the end of the medieval economy, and the beginnings of the early modern period in English economics.
https://en.wikipedia.org/wiki/Economy_of_England_in_the_Middle_Ages
The putting-out system (cottage industry) is a means of subcontracting work. Historically, it was also known as the workshop system and the domestic system. In putting-out, work is contracted by a central agent to subcontractors who complete the work in off-site facilities, either in their own homes or in workshops with multiple craftsmen.
It was used in the English and American textile industries, in shoemaking, lock-making trades, and making parts for small firearms from the Industrial Revolution until the mid-19th century.
The domestic system was suited to pre-urban times because workers did not have to travel from home to work, which was quite impracticable due to the state of roads and footpaths, and members of the household spent many hours in farm or household tasks.
A cottage industry is a small-scale industry, where the creation of products and services is home-based, rather than factory-based. While products and services created by cottage industries are often unique and distinctive, given the fact that they are usually not mass-produced, producers in this sector often face numerous disadvantages when trying to compete with much larger factory-based companies.
A cottage industry is an industry—primarily manufacturing—which includes many producers, working from their homes, typically part time. The term originally referred to home workers who were engaged in a task such as sewing, lace-making, wall hangings, or household manufacturing. Some industries which are usually operated from large, centralized factories were cottage industries before the Industrial Revolution. Business operators would travel around the world, buying raw materials, delivering them to people who would work on them, and then collecting the finished goods to sell, or typically to ship to another market. One of the factors which allowed the Industrial Revolution to take place in Western Europe was the presence of these business people who had the ability to expand the scale of their operations. Cottage industries were very common in the time when a large proportion of the population was engaged in agriculture, because the farmers (and their families) often had both the time and the desire to earn additional income during the part of the year (winter) when there was little work to do farming or selling produce by the farm's roadside.
https://en.wikipedia.org/wiki/Putting-out_system
By late Roman times, domestic wool was already being used to produce textiles (“cloth”) in the Low Countries. The marshes along the coast, which had not yet been enclosed by dikes, provided grazing for large flocks of sheep which yielded sufficient wool to satisfy domestic demand. In the 12th century a fundamental change occurred. Production was transferred from the countryside to the fast-growing cities (Ypres, Ghent, Bruges, and later also Brussels and Antwerp), and weavers began using English wool as their raw material instead of home-produced wool. The result was a high quality, luxury product intended for export. Sheep reared on the type of grass produced by the very damp English pastureland with its poor soil yielded a particularly fine and springy woollen fleece. For that reason, demand for English wool was virtually inelastic: neither home-produced wool nor the wool occasionally imported from Spain offered a real alternative.
English wool was now being imported into the Low Countries in unprecedented quantities, in sacks or as fleeces still attached to the skin. Flemish and Brabant merchants and weavers were very active in this trade. They went to England in person, to the grounds of the sometimes remote Cistercian abbeys where the sheep were predominantly reared. On the local wool markets they often paid in advance for future deliveries, so that they also already had a stake in the actual production of the wool. Flemish vessels shipped the wool from London and other ports such as Great Yarmouth, King’s Lynn, Dover, Sandwich and Boston.
The Southern Netherlands merchants needed English coins to buy their wool; they became good customers of the English coin workshops, where they exchanged the lightweight pennies from the Netherlands or bars of silver for English sterling. Thus, the accounting records of the London Mint list the names of merchants from Ypres and Brussels, side by side with the names of English customers. On their return from England, they did not always take their surplus English money for melting down into local pennies again, but sometimes preferred to set the foreign currency aside ready for their next trip. It is therefore not surprising that the 13th century coin treasure discovered in 1908 during the demolition of a cellar wall in the house at no. 32 Rue d’assaut in Brussels contained no less than 80,927 English sterling coins.
Gradually, the rulers and merchants on the Continent came to realise that they could make considerable savings by minting sterling coins themselves in their own country, rather than buying them from English coin workshops. From around 1270, coins worth one or two sterling pennies were therefore minted in the Low Countries, alongside the ordinary lightweight pennies. The sterling copies had the same weight and alloy as the foreign originals. The images on the face of the coins varied greatly: some depicted a crowned head, just like the English coins, while others displayed a totally distinctive image. In contrast, the reverse of virtually all the coins depicted the cross with three bullets between the arms, copied from the English model. From about the mid 14th century, owing to the rising demand for high value currency, the sterling penny became less important, giving way to the silver groat – worth three sterlings – and gold coins.
https://www.nbbmuseum.be/en/2009/12/sterling.htm
The importance of London for craft and industry in medieval England
http://www.theposthole.org/sites/theposthole.org/files/downloads/posthole_47_360.pdf
1100-1290
Mining did not make up a large part of the English medieval economy, but the 12th and 13th centuries saw an increased demand for metals in England, thanks to the considerable population growth and building construction, including the great cathedrals and churches. Four metals were mined commercially in England during the period: iron, tin, lead and silver using a variety of refining techniques. Coal was also mined from the 13th century onwards.
Iron mining occurred in several locations including the main English centre in the Forest of Dean, as well as in Durham and the Weald. Some iron to meet English demand was also imported from the continent, especially by the late 13th century. By end of the 12th century, the older method of acquiring iron ore through strip mining was being supplemented by more advanced techniques, including tunnels, trenches and bell-pits. Iron ore was usually locally processed at a bloomery and by the 14th century the first water-powered iron forge in England was built at Chingley. As a result of the diminishing woodlands and consequent increases in the cost of both wood and charcoal, demand for coal increased in the 12th century and began to be commercially produced from bell-pits and strip mining.
A silver boom occurred in England after the discovery of silver near Carlisle in 1133. Huge quantities of silver were produced from a semicircle of mines reaching across Cumberland, Durham and Northumberland - up to three to four tonnes of silver were mined each year, more than ten times the previous annual production across the whole of Europe. The result was a local economic boom and a major uplift to 12th century royal finances. Tin mining was centred in Cornwall and Devon, exploiting alluvial deposits and governed by the special Stannary Courts and Parliaments - tin formed a valuable export good, initially to Germany and then later in the 14th century to the Low Countries. Lead was usually mined as a by-product of mining for silver, with mines in Yorkshire, Durham and the north, as well as in Devon. Economically fragile, the lead mines usually survived as a result of being subsidised by silver production.
England's economy was fundamentally agricultural throughout the period, but the mining of iron, tin, lead and silver, and later coal, played an important part within the English medieval economy.
The Black Death epidemic first arrived in England in 1348, re-occurring in waves during 1360-2, 1368-9, 1375 and more sporadically thereafter. The most immediate economic impact of this disaster was the widespread loss of life, between around 27% mortality amongst the upper classes, to 40-70% amongst the peasantry. Despite the very high loss of life, few settlements were abandoned during the epidemic itself, but many were badly affected or nearly eliminated altogether. The medieval authorities did their best to respond in an organised fashion, but the economic disruption was immense. Building work ceased and many mining operations paused. In the short term, efforts were taken by the authorities to control wages and enforce pre-epidemic working conditions. Coming on top of the previous years of famine, however, the longer term economic implications were profound. In contrast to the previous centuries of rapid growth, the English population would not begin to recover for over a century, despite the many positive reasons for a resurgence. The crisis would affect English mining for the remainder of the medieval period.
https://en.wikipedia.org/wiki/Economics_of_English_Mining_in_the_Middle_Ages
Medieval technology
After the Renaissance of the 12th century, medieval Europe saw a radical change in the rate of new inventions, innovations in the ways of managing traditional means of production, and economic growth. The period saw major technological advances, including the adoption of gunpowder, the invention of vertical windmills, spectacles, mechanical clocks, and greatly improved water mills, building techniques (Gothic architecture, medieval castles), and agriculture in general (three-field crop rotation).
https://en.wikipedia.org/wiki/Medieval_technology
Search google book: "English Medieval Industries: Craftsmen, Techniques, Products" edited by John Blair, Nigel Ramsay
