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The allocation of merchant capital in early Tudor London

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  • JOHN OLDLAND

Abstract

This article is a discussion of the allocation of merchants' capital in early Tudor London among household furnishings, business inventories, debts, orphans' estates, landed property, and other forms of income. Previously, historians had to rely on either goods or income summary assessments in the enrolled subsidy returns to estimate wealth. These newly discovered valuations for 1535 provide quantitative evidence for the enormous importance of credit in trade, and show that merchants, as soon as they could, invested much of their wealth in property.

Suggested Citation

  • John Oldland, 2010. "The allocation of merchant capital in early Tudor London," Economic History Review, Economic History Society, vol. 63(4), pages 1058-1080, November.
    • Handle: RePEc:bla:ehsrev:v:63:y:2010:i:4:p:1058-1080
    DOI: 10.1111/j.1468-0289.2009.00516.x
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    1. Pamela Nightingale, 1990. "Monetary contraction and mercantile credit in later medieval England," Economic History Review, Economic History Society, vol. 43(4), pages 560-575, November.
    2. H. J. Habakkuk, 1952. "The Long-Term Rate Of Interest And The Price Of Land In The Seventeenth Century," Economic History Review, Economic History Society, vol. 5(1), pages 26-45, August.
    3. Michael Zell, 1996. "Credit in the pre-industrial English woollen industry," Economic History Review, Economic History Society, vol. 49(4), pages 667-691, November.
    4. Barron, Caroline M., 2004. "London in the Later Middle Ages: Government and People 1200-1500," OUP Catalogue, Oxford University Press, number 9780199257775.
    5. A. R. Bridbury, 1981. "English Provincial Towns in the Later Middle Ages," Economic History Review, Economic History Society, vol. 34(1), pages 1-24, February.
    6. Richard Grassby, 1970. "The Personal Wealth of the Business Community in Seventeenth-Century England," Economic History Review, Economic History Society, vol. 23(2), pages 220-234, August.
    7. R. W. Hoyle, 1998. "Taxation and the mid-Tudor crisis," Economic History Review, Economic History Society, vol. 51(4), pages 649-975, November.
    8. Kermode, Jennifer I., 1991. "Money and Credit in the Fifteenth Century: Some Lessons from Yorkshire," Business History Review, Cambridge University Press, vol. 65(3), pages 475-501, October.
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    Cited by:

    1. Bell, Adrian R. & Brooks, Chris & Killick, Helen, 2022. "The first real estate bubble? Land prices and rents in medieval England c. 1300–1500," Research in International Business and Finance, Elsevier, vol. 62(C).

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