“The same year, and the year before, there were many images cast down and destroyed in many places: as the image of the crucifix in the highway by Coggeshall, the image of Saint Petronal in the church of Great Horksleigh, the image of Saint Christopher by Sudbury, and another image of Saint Petronal in a chapel of Ipswich.”[202] England’s economic supremacy is recent, and has resulted from the change in the seat of exchanges which followed the discovery of America and the sea-route to India; long before Columbus, however, the introduction of the mariner’s compass had altered the paths commerce followed between the north and south of Europe during the crusades. The necessity of travel by land built up the Fairs of Champagne; they declined when safe ocean navigation had cheapened marine freights. Then Antwerp and Bruges superseded Provins and the towns of Central France, and rapidly grew to be the distributing points for Eastern merchandise for Germany, the Baltic, and England. In 1317 the Venetians organized a direct packet service with Flanders, and finally, the discoveries of Vasco-da-Gama, at the end of the fifteenth century, threw Italy completely out of the line of the Asiatic trade. British industries seem to have sympathized with these changes, for weaving first assumed some importance under Edward I., although English cloth long remained inferior to continental. The next advance was contemporaneous with the discovery of the Cape of Good Hope. On July 8, 1497, Vasco-da-Gama sailed for Calicut, and in the previous year Henry VII. negotiated the “Magnus Intercursus,” by which treaty the Merchant Adventurers succeeded for the first time in establishing themselves advantageously in Antwerp. Thenceforward England began to play a part in the industrial competition of Europe, but even then her progress was painfully slow. The accumulations of capital were small, and increased but moderately, and a full century later, when the Dutch easily raised £600,000 for their East India Company, only £72,000 were subscribed in London for the English venture. Throughout the Middle Ages, while exchanges centred in North Italy, Great Britain hung on the outskirts of the commercial system of the world, and even at the beginning of the reign of Henry VIII. she could not compare, either in wealth, refinement, or organization, with such a kingdom as France. The crown had not been the prize of the strongest in a struggle among equals, but had fallen to a soldier of a superior race, under whom no great nobility ever grew up. No baron in England corresponded with such princes as the dukes of Normandy and Burgundy, the counts of Champagne and Toulouse. Fortifications were on a puny scale; no strongholds like Pierrefonds or Vitré, Coucy or Carcassonne existed, and the Tower of London itself was insignificant beside the Château Gaillard, which Cœur-de-Lion planted on the Seine.