The Industrial History of EnglandGibbins, Henry de Beltgens
History
The Industrial History of England
Gibbins, Henry de Beltgens
Great Britain -- Economic conditions; Industries -- Great Britain -- History
§ 2. FOREIGN TRADE. THE CRUSADES—But, on the other hand, the Norman
Conquest, which combined the Kingdom of England with the Duchy of
Normandy in close political relations, gave abundant opportunities
for commerce, both with France and the Continent, and foreign
trade certainly received a stimulus from this fact. It was further
developed by the Crusades. The most obvious effect of these remarkable
expeditions for a visionary success was the opening up of Trade Routes
throughout Europe to the shores of the Mediterranean Sea, and to the
East in general. They produced also a considerable redistribution of
wealth in England itself, for the knights and nobles that set out for
the Holy Land often mortgaged their lands and never redeemed them, or
they perished and their lands lapsed to the crown, or to some monastery
that took the place of a trustee for the absent owner. The growth of
towns also, as we saw, is directly attributable to the privileges and
freedom secured at this time by supplying money to a crusading lord.
As to foreign trade, our chief authority at this time is the old
chronicler, Henry of Huntingdon, whose history was published about
A.D. 1155. Like most historians, even of the present day, he says
very little about so insignificant a matter as trade; but the single
sentence which he devotes to it is probably of as great value as any
other part of his book. From it we gather that our trade with Germany
was extensive, and that we exported lead and tin among the metals; fish
and meat and fat cattle (which seems to point to some improvement in
our pastoral economy); and, most important of all, fine wool, though
at that time the English could not weave it properly for themselves.
Our imports, however, are very {34} limited, comprising none of the
necessities of life, and few of its luxuries beyond silver and foreign
furs. Other imports were fine woven cloths, used for the dresses of the
nobility; and, after the Crusades began, of rich Eastern stuffs and
spices, which were in great demand, and commanded a high price. So too
did iron, which was necessary for agricultural purposes, as Englishmen
had not yet discovered their rich stores of this metal, but had to get
it from the lands on the Baltic shore. Generally speaking, we may say
that our imports consisted of articles of greater intrinsic value and
scarcity than our exports, and thus were fewer in number, though of
course balancing in total value, as imports and exports always must.
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