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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 change and a bullion famine occasioned severe and prolonged economic decline across fifteenth century England. Early chapters discuss trends in lending and borrowing, and the use of credit to fund domestic trade through detailed analysis of the Statute Staple and rich primary sources. The author then adopts a broad-based geographic lens to examine provincial credit before focusing on London’s development as the commercial powerhouse in late medieval business. Academics and students of modern economic change and historic financial revolutions alike will see that the years from 1353 to 1532 encompassed immense upheaval and change, reminiscent of modern recessions. The author carefully guides the reader to see that these shifts are the precursors of economic change in the early modern period, laying the foundations for the financial world as we know it today.
Ramsey Abbey, Cambridgeshire, was founded in 969 and rapidly became of one the richest and most important Benedictine houses in the country. It was famous for its school and library, and a thriving market town grew up around it, despite its isolated position in the Fens. The cartulary contains a range of legal, financial and ecclesiastical documents dating from 974 to 1436, although the greater part was compiled in the fourteenth century. It is particularly important for the study of manorial and economic history (and the abbey's twelfth-century chronicle is also reissued in this series). This three-volume edition was published between 1884 and 1893. Volume 3 contains documents 510-688. It includes material relating to the abbey's possessions in St Ives and throughout East Anglia, from the Pipe Rolls and other inquisitions as well as the cartulary. English side-notes to the Latin text and a comprehensive index to all three volumes are also provided.