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The economics of English towns and trade in the Middle Ages is the economic history of English towns and trade from the Norman invasion in 1066, to the death of Henry VII in 1509. Although England's economy was fundamentally agricultural throughout the period, even before the invasion the market economy was important to producers.
William reaffirmed this system, enforcing collection of the geld through his new system of sheriffs and increasing the taxes on trade. [44] William was also famous for commissioning the Domesday Book in 1086, a vast document which attempted to record the economic condition of his new kingdom.
England in the Middle Ages concerns the history of England during the medieval period, from the end of the 5th century through to the start of the early modern period in 1485. When England emerged from the collapse of the Roman Empire , the economy was in tatters and many of the towns abandoned.
Consumer demand fostered more trade, and trade expanded in the second half of the Middle Ages (roughly 1000 to 1500 AD). Newly forming European states , through voyages of discovery , investigated alternative trade routes in the 15th and 16th centuries, which allowed European powers to build vast, new international trade networks.
Middle Ages portal; During most of the Middle Ages (c. 410–1485 AD), the island of Great Britain was divided into multiple kingdoms. By the end of the period two remained: the Kingdom of England, of which Wales was a principality, and the Kingdom of Scotland.
The road system was adequate for the needs of the period, although it was significantly cheaper to transport goods by water. [185] The major river networks formed key transport routes, while many English towns formed navigable inland ports. [186] For much of the Middle Ages, England's climate differed from that in the twenty-first century.
The Early Middle Ages (or early medieval period), sometimes controversially referred to as the Dark Ages, is typically regarded by historians as lasting from the late 5th to the 10th century. [ note 1 ] They marked the start of the Middle Ages of European history , following the decline of the Western Roman Empire , and preceding the High ...
Thereafter the United Kingdom's relative economic performance improved substantially to the extent that, just before the Great Recession, British income per capita exceeded, albeit marginally, that of France and Germany; furthermore, there was a significant reduction in the gap in income per capita terms between the UK and USA. [7]