![]() ![]() The greatest disaster to befall mankind and the most important event in the history of the western world had absolutely nothing to do with technology. a contemporary illustration of death strangling a victim of the plague. ![]() By 1300, several countries had begun minting large-denomination coins in gold, and credit was available from Italian banking companies, which had branches across the continent. The whole of christendom shifted to a more mercantile economy as you simply cannot operate a barter system efficiently in a marketplace. Not all of these new foundations succeeded but many did. European countries saw a similar quadrupling of the number of towns. However, over the course of the 13th century another 1,400 markets were founded in England. ![]() The only people who regularly handled silver pennies were the inhabitants of market towns – and there were only 300 of those (and some had fewer than 500 people). Lords commanded the time of their peasants and allowed them to farm a few acres in return. The vast majority lived in the country and bartered for the things that they could not make for themselves. At the start of the 13th century not many people used money in England. However, that doesn’t mean it has always served the same function as it does today. Photograph: Heritage Image/AlamyĪs is well known, money has existed for thousands of years.
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