Great Bullion Famine: Difference between revisions
Content deleted Content added
stub sort |
Fixed cap Tags: Mobile edit Mobile web edit |
||
| Line 1: | Line 1: | ||
The '''Great Bullion Famine''' was a shortage of [[precious metal]]s that struck [[Europe]] in the 15th century, with the worst years of the Famine lasting from 1457 to 1464. During the [[Middle Ages]], [[gold]] and [[silver]] coins saw widespread use as [[currency]] in Europe, and facilitated trade with the [[Middle East]] and [[Asia]]; the shortage of these metals therefore became a problem for European economies. The main cause for the bullion famine was outflow of silver to the east unmatched by mining output{{sfn|Dyer|2003|p=266}} |
The '''Great Bullion Famine''' was a shortage of [[precious metal]]s that struck [[Europe]] in the 15th century, with the worst years of the Famine lasting from 1457 to 1464. During the [[Middle Ages]], [[gold]] and [[silver]] coins saw widespread use as [[currency]] in Europe, and facilitated trade with the [[Middle East]] and [[Asia]]; the shortage of these metals therefore became a problem for European economies. The main cause for the bullion famine was outflow of silver to the east unmatched by mining output{{sfn|Dyer|2003|p=266}} although 15th century contemporaries believed the bullion famine to be caused by hoarding.{{sfn|Spufford|1993|p=347}} |
||
==See also== |
==See also== |
||
Revision as of 22:37, 28 July 2021
The Great Bullion Famine was a shortage of precious metals that struck Europe in the 15th century, with the worst years of the Famine lasting from 1457 to 1464. During the Middle Ages, gold and silver coins saw widespread use as currency in Europe, and facilitated trade with the Middle East and Asia; the shortage of these metals therefore became a problem for European economies. The main cause for the bullion famine was outflow of silver to the east unmatched by mining output[1] although 15th century contemporaries believed the bullion famine to be caused by hoarding.[2]
See also
References
- ^ Dyer 2003, p. 266.
- ^ Spufford 1993, p. 347.
Sources
- Dyer, Christopher (2003). Making a Living in the Middle Ages: The People of Britain 850–1520. Yale University Press. ISBN 9780300167078.
- Spufford, Peter (1993). Money and Its Use in Medieval Europe. Cambridge University Press.
Further reading
- Allen, Larry (2009). The Encyclopedia of Money (2nd ed.). Santa Barbara, CA: ABC-CLIO. pp. 188–189. ISBN 978-1598842517.
- Craig, John (1953). The Mint: A History of the London Mint from A.D. 287 to 1948. Cambridge, England: Cambridge University Press. pp. 85–96. ASIN B0000CIHG7.
- Davies, Glyn (1997) [1994]. A History of Money: From Ancient Times to the Present Day (Reprint ed.). Cardiff: University of Wales Press. pp. 159–174. ISBN 978-0708313510.
 | This economic history-related article is a stub. You can help Wikipedia by expanding it. |