Such schemes were finally abandoned simply because the king discovered
that his allies were worthless and that his money was all spent. On his
return from Flanders in 1340 he became involved in an angry controversy
with his ministers, whom he accused, quite unjustly, of wasting his
revenue and wrecking his campaign thereby. He imprisoned some of them,
and wished to try his late chancellor, Archbishop Stratford, for
embezzlement, in the court of the exchequer. But the primate contended
very vigorously for the right to be tried before his peers, and since
the king could get no subsidies from his parliament till he acknowledged
the justice of this claim, he was forced to concede it. Stratford was
acquitted--the king's thriftlessness and not the chancellor's
maladministration had emptied the treasury. Edward drifted on along the
path to financial ruin till he actually went bankrupt in 1345, when he
repudiated his debts, and ruined several great Italian banking houses,
who had been unwise enough to continue lending him money to the last.
The Flemings were also hard hit by this collapse of the king's credit,
and very naturally lost their enthusiasm for the English alliance. Van
Artevelde, its chief advocate, was murdered by his own townsmen in this
same year.
War in Brittany.
The second act of the Hundred Years' War, after King Edward had
abandoned in despair his idea of invading France from the side of the
Netherlands, was fought out in another quarter--the duchy of Brittany.
Here a war of succession had broken out in which (oddly enough) Edward
took up the cause of the pretender who had male descent, while Philip
supported the one who represented a female line--each thus backing the
theory of heritage by which his rival claimed the throne of France. By
espousing the cause of John of Montfort Edward obtained a good foothold
on the flank of France, for many of the Breton fortresses were put into
his hands. But he failed to win any decisive advantage thereby over King
Philip. It was not till 1346, when he adopted the new policy of trusting
nothing to allies, and striking at the heart of France with a purely
English army, that Edward found the fortune of war turning in his
favour.
Edward invades France.
Battle of Creçy.
Capture of Calais.
Public-domain text, read in full here on John Shaqi.
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