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Changes to the farming economy
land owners were enclosing more land so they could farm sheep - less land for peasants to use
less of a dependance on the feudal system - more land was rented out and peasants paid wages to work on it
more opportunities for peasants to earn money e.g. selling fish, egg, cheese ect.
Hugh Cok went from selling fish and brewing beer in 1277 to renting land to buying his own plot of land which he increased
Changes to towns
towns’ populations increased as peasants found themselves having to look for work away from the countryside
trade became extremely important
the growing population led to the spread of disease with unsanitary living conditions as human waste was often thrown into rivers
Impact of the wool trade on general population
around 40,000 sacks of wool were traded annually
66% of all wool produced in England came from small flocks of around 20 sheep owned by peasants
the Church also profited by using some of its land to farm sheep
regular trading with Europe ensured a whole range of goods like spices, wine, silk and glass were regularly imported into England
Impact of the wool trade on Edward
in 1272 the export of wool to Flanders had been banned due to a row with Belgium so Edward agreed to settle the dispute if the merchants agreed to pay him customs duty (form of tax) on every sack of wool exported through London and other ports
the wool tax was ratified in 1275 which brought Edward a steady income
the wool trade offered Edward the chance to seize sacks of wool whenever he was short of funds e.g. 1297
provided a steady long-term income
How Edward raised money through loans
the Riccardi family from Italy had been lending Edward money since he was a prince and Edwards allowed them to collect the tax on wool as security on his loans
in 1294 they couldn’t fund him enough because they were also funding the King of France
the Frescobaldis became Edward’s maid source of loans
How Edward raised money through new coinage
some people clipped coins which devalued their worth - no one trusted the value of coins
some traders increased their values to compensate
Philip de Cambio was arrested and charged with issuing coins with less silver in them
in 1278, goldsmiths and Jewish moneylenders were arrested and accused of coin clipping. 273 Jews were hanged
in 1279, Edward collected all the existing coins and reissued new ones with different values. He was able to make £25,000 profit
The expulsion of the Jews
Christians were banned from raising money through moneylending by the Church
many Jews were moneylenders because laws limited the jobs they were permitted to do
Jewish moneylenders earned a living charging interest on the money the loaned
Edward taxed the Jews however eventually made them poor
in 1275, the Statute of Jewry made lending money illegal
consequently many Jews lost their livelihoods, debts owed to Jews were cancelled, Jews were restricted in their movement around the country
in 1289, Parliament agreed to grant Edward £100,000 if he the Jews were expelled from England
in 1290, the Edict of Expulsion forced Jews to wither leave the country or convert to Christianity
Edward and many others avoided paying loans
Influence of the Church
most people were Catholic
the Church owned 30% of land and had its own system of law courts
Changes to the court
in 1294, Edward introduced assizes where judges regularly visited each area so cases could be dealt with promptly
royal courts dealt with serious criminal cases and property rights
parliament was the highest court
Statute of Gloucester
1278
dealt with land disputes
the process to recover alienated land was made quicker and easier
Statute of Winchester 1285
introduced watchmen to each town and borough
trees other than oak had to be cleared 200ft either side of the Kings highway to protect travellers from outlaws