The Stages in the Social History of CapitalismPirenne, Henri
History
The Stages in the Social History of Capitalism
Pirenne, Henri
Capitalism
In the presence of these facts it is impossible to deny the existence of
a considerable traffic. Moreover documents abound which attest the
existence in the great cities of men of affairs who hold the most
extended relations with the outside world, who export and import sacks
of wool, bales of cloth, tuns of wine, by the hundred, who have under
their orders a whole corps of factors or "sergents" (_servientes_,
_valets_, etc.), whose letters of credit are negotiated in the fairs of
Champagne, and who make loans amounting to several thousands of livres
to princes, monasteries, and cities in need of money. To cite here
merely a few figures, let us recall that in 1273 the company of the
Scotti of Piacenza exports wool from England to the value of 21,400
pounds sterling, or 1,600,000 francs (metallic value);[18] in 1254
certain burgesses of Arras furnish 20,000 livres to the Count of Guines,
prisoner of the Count of Flanders, to enable him to pay his ransom.[19]
In 1339 three merchants of Mechlin advance 54,000 florins (700,000
francs) to King Edward III.[20]
Extensive however as capitalistic commerce has been since the first half
of the thirteenth century, it no longer enjoys the freedom of
development which it had before. As we advance toward the end of the
Middle Ages, indeed, we see it subjected to limitations constantly more
numerous and more confining. Henceforth, in fact, it has to reckon with
municipal legislation. Every town now shelters itself behind the
ramparts of protectionism. If the most powerful cities can no longer
exclude the stranger, upon whom they live, they impose upon him a minute
regulation, the purpose of which is to defend against him the position
of their own citizens. They force him to have recourse in his purchases
to the mediation of his "hosts" and his "courtiers"; they forbid him to
bring in manufactured articles which may compete with those which the
city produces; they exploit him by levying taxes of all sorts: duties
upon weighing, upon measuring, upon egress, etc.
In those cities especially in which has occurred the popular revolution
transferring power from the hands of the patriciate into those of the
craft-gilds, distrust of capital is carried as far as it can go without
entirely destroying urban industry. The craftsmen who produce for
exportation--for example, the weavers and the fullers of the towns of
Flanders--try to escape from their subjection, to the merchants who
employ them. Not only do the municipal statutes fix wages and regulate
the conditions of work, but they also limit the independence of the
merchant, even in purely commercial matters. It will be sufficient to
mention here, as one of their most characteristic provisions, the
forbidding of the cloth merchant to be at the same time a wool merchant,
a prohibition inspired by the desire to prevent operations that will
unfavorably affect prices and the workman's wages.[21]
Public-domain text, read in full here on John Shaqi.
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