Making Money in the Early Middle Ages

Making Money in the Early Middle Ages
Title Making Money in the Early Middle Ages PDF eBook
Author Rory Naismith
Publisher Princeton University Press
Pages 544
Release 2023-07-11
Genre History
ISBN 0691249334

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An examination of coined money and its significance to rulers, aristocrats and peasants in early medieval Europe Between the end of the Roman Empire in the fifth century and the economic transformations of the twelfth, coined money in western Europe was scarce and high in value, difficult for the majority of the population to make use of. And yet, as Rory Naismith shows in this illuminating study, coined money was made and used throughout early medieval Europe. It was, he argues, a powerful tool for articulating people’s place in economic and social structures and an important gauge for levels of economic complexity. Working from the premise that using coined money carried special significance when there was less of it around, Naismith uses detailed case studies from the Mediterranean and northern Europe to propose a new reading of early medieval money as a point of contact between economic, social, and institutional history. Naismith examines structural issues, including the mining and circulation of metal and the use of bullion and other commodities as money, and then offers a chronological account of monetary development, discussing the post-Roman period of gold coinage, the rise of the silver penny in the seventh century and the reconfiguration of elite power in relation to coinage in the tenth and eleventh centuries. In the process, he counters the conventional view of early medieval currency as the domain only of elite gift-givers and intrepid long-distance traders. Even when there were few coins in circulation, Naismith argues, the ways they were used—to give gifts, to pay rents, to spend at markets—have much to tell us.

Making Money in the Early Middle Ages

Making Money in the Early Middle Ages
Title Making Money in the Early Middle Ages PDF eBook
Author Rory Naismith
Publisher
Pages 0
Release 2023
Genre Coinage
ISBN 9780691249346

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Making Money

Making Money
Title Making Money PDF eBook
Author Christine Desan
Publisher OUP Oxford
Pages 501
Release 2014-11-28
Genre Law
ISBN 0191025380

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Money travels the modern world in disguise. It looks like a convention of human exchange - a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution engineered by political communities to mark and mobilize resources. As societies change the way they create money, they change the market itself - along with the rules that structure it, the politics and ideas that shape it, and the benefits that flow from it. One particularly dramatic transformation in money's design brought capitalism to England. For centuries, the English government monopolized money's creation. The Crown sold people coin for a fee in exchange for silver and gold. 'Commodity money' was a fragile and difficult medium; the first half of the book considers the kinds of exchange and credit it invited, as well as the politics it engendered. Capitalism arrived when the English reinvented money at the end of the 17th century. When it established the Bank of England, the government shared its monopoly over money creation for the first time with private investors, institutionalizing their self-interest as the pump that would produce the money supply. The second half of the book considers the monetary revolution that brought unprecedented possibilities and problems. The invention of circulating public debt, the breakdown of commodity money, the rise of commercial bank currency, and the coalescence of ideological commitments that came to be identified with the Gold Standard - all contributed to the abundant and unstable medium that is modern money. All flowed as well from a collision between the individual incentives and public claims at the heart of the system. The drama had constitutional dimension: money, as its history reveals, is a mode of governance in a material world. That character undermines claims in economics about money's neutrality. The monetary design innovated in England would later spread, producing the global architecture of modern money.

The Lives of the Popes in the Early Middle Ages

The Lives of the Popes in the Early Middle Ages
Title The Lives of the Popes in the Early Middle Ages PDF eBook
Author Horace Kinder Mann
Publisher
Pages 336
Release 1928
Genre Popes
ISBN

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The Lives of the Popes in the Early Middle Ages

The Lives of the Popes in the Early Middle Ages
Title The Lives of the Popes in the Early Middle Ages PDF eBook
Author Horace K. Mann
Publisher
Pages 364
Release 1915
Genre
ISBN

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The Pitt Press Shakespeare: Macbeth

The Pitt Press Shakespeare: Macbeth
Title The Pitt Press Shakespeare: Macbeth PDF eBook
Author William Shakespeare
Publisher
Pages 278
Release 1916
Genre
ISBN

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The Early Middle Ages

The Early Middle Ages
Title The Early Middle Ages PDF eBook
Author James A. Corrick
Publisher
Pages 132
Release 1995
Genre History
ISBN 9781560062462

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The Early Middle Ages, the 500 years following the fall of Rome, was a violent time of invasion and war that saw the breakdown of society. Yet, this period saw important social and political changes, leading first to the civilization of the Late Middle Ages and the Renaissance and then to modern western culture.