Jump to ContentJump to Main Navigation
Credit and Village Society in Fourteenth-Century England$
Users without a subscription are not able to see the full content.

Chris Briggs

Print publication date: 2009

Print ISBN-13: 9780197264416

Published to British Academy Scholarship Online: January 2012

DOI: 10.5871/bacad/9780197264416.001.0001

Show Summary Details
Page of

PRINTED FROM BRITISH ACADEMY SCHOLARSHIP ONLINE (www.britishacademy.universitypressscholarship.com). (c) Copyright British Academy, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in BASO for personal use.date: 26 February 2021

The credit supply

The credit supply

(p.176) 6 The credit supply
Credit and Village Society in Fourteenth-Century England

Chris Briggs

British Academy

Credit in medieval England was obtained in various ways, either through a deferred payment or through cash loans. All these transactions were efforts to maintain production and consumption at its previous level or for investment purposes. During this period, the majority of the transactions arose from the need to obtain goods or services or to discharge an obligation at a time when immediate full cash payments from that individual's own resources were impossible or inadvisable. In the medieval period, full payment in cash was impossible as societies during this period did not have regular monetary income. Thus, in such societies, debtors accrue their needs through credit and they were not obliged to make immediate cash payments from their own resources whenever they obtained goods or services. This chapter examines credit supply during this period with emphasis on the willingness of the creditors to lend or sell goods and services on credit. It examines the effects of dearth and high prices, coin shortage or money supply, and crisis mortality on the credit supply of medieval Europe.

Keywords:   deferred payment, cash loans, cash payments, credit supply, dearth, high prices, coin shortage, money supply, crisis mortality

British Academy Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.