The Growth of the Antwerp Market and the European Economy Fourteenth

The economy of Antwerp in the fourteenth, fifteenth and sixteenth centuries had a very special dynamism. It underwent the processes of rise, expansion, maturity and decadence with peculiar intensity. It gave an impressive stimulus to the commercial curren

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IT. INTERPRETATION

The Growth of the Antwerp Market and the European Economy (fourteenth-sixteenth centuries)

HERMAN VAN DER

WEE,

LL. D., Dr. Hist.

Lecturer in Economic History, University of Louvain

IT. INTERPRETATION

SPRINGER-SCIENCE+BUSINESS MEDIA, B.V. 1963

ISBN 978-94-015-3864-0 (eBook) ISBN 978-94-015-3773-5 DOI 10.1007/978-94-015-3864-0 Copyright 1963 by Springer Science+Business Media Dordrecht Originally published by Martinus Nijhoff, The Hague, Holland in 1963 Softcover reprint of the hardcover 1st edition 1963 All rights reserved, including the right to translate or to reproduce this book or parts thereof in any form.

TABLE OF CONTENTS Table of contents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . List of tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . List of illustrations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

vn XI

XI

PART I. The interdecennial fluctuations of the Antwerp economy and their impact on Brabant and Flanders (1356-1619). . . . . . . . . . . . . . . .

3

Chapter I : The real significance of the dominance of Flanders and the difficulties of monetary recovery (1356-1405) . . . . . . . . . . . . . . . . . . .

7

1. Brabant and the European agricultural depression. . . . . . . . . . . 2. The European depression, monetary policy and the dominating corporate organization at the core of the industrial situation. . . 3. Bruges and the break-through of the Fairs of Brabant......... 4. The new generation of merchants meet at the Brabant Fairs. . . 5. The financial malaise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 18 23 28

Chapter II: The last flowering of the medieval economy (1406-1437)...

31

1. An agrarian revival on too feeble foundations................ 2. The wars and the decreasing rate of expansion of the Brabant Fairs................................................... 3. The industrial boom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. The threat from English cloth and the crisis of the thirties. . . . . 5. The difficult commercial revival . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. The first traces of Antwerp 's financial development . . . . . . . . . .

31 37 41 45 49 56

Chapter III : The failure of the medieval economy and the slow emergence of modern conditions (1438-1477) . . . . . . . . . . . . . . . . . . . . . .

61

1. 2. 3. 4. 5.

7

The agrarian malaise affects the whole of Brabant . . . . . . . . . . . The decay of Brabant 's traditional export industry . . . . . . . . . . The great towns ride out the storm . . . . . . . . . . . . . . . . . . . . . . . . The Fairs of Brabant grow out of Bruges' tutelage . . . . . . . . . . . The devaluation of 1465 and the new expansion of the Brabant Fairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6. The reign of Philip the Good favo