Credit and Trade in Later Medieval England, 1353-1532

This book challenges the notion that economic crises are modern phenomena through its exploration of the tumultuous ‘credit-crunch’ of the later Middle Ages. It illustrates clearly how influences such as the Black Death, inter-European warfare, climate ch

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CREDIT AND TRADE IN LATER MEDIEVAL ENGLAND, 1353–1532 R I CH AR D GOD D AR D

Palgrave Studies in the History of Finance Series Editors D’Maris Coffman University College London, Bartlett School of Construction and Project Management United Kingdom Tony K. Moore University of Reading United Kingdom Martin Allen Fitzwilliam Museum of the University of Cambridge United Kingdom Sophus Reinert Harvard Business School USA

The study of the history of financial institutions, markets, instruments and concepts is vital if we are to understand the role played by finance today. At the same time, the methodologies developed by finance academics can provide a new perspective for historical studies. Palgrave Studies in the History of Finance is a multi-disciplinary effort to emphasise the role played by finance in the past, and what lessons historical experiences have for us. It presents original research, in both authored monographs and edited collections, from historians, finance academics and economists, as well as financial practitioners.

More information about this series at http://www.springer.com/series/14583

Richard Goddard

Credit and Trade in Later Medieval England, 1353–1532

Richard Goddard Department of History University of Nottingham United Kingdom

Palgrave Studies in the History of Finance ISBN 978-1-137-48985-2 ISBN 978-1-137-48987-6 DOI 10.1057/978-1-137-48987-6

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Library of Congress Control Number: 2016936092 © The Editor(s) (if applicable) and The Author(s) 2016 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Cover illustraction: V&A Images / Alamy Stock Photo Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Macmillan Publishers Ltd. London

This work is dedicated to the memory of Walter Emanuel Goddard (192