The Elasticity and Rigidity of Europe - Expanding Horizons - New Money
3 important questions on The Elasticity and Rigidity of Europe - Expanding Horizons - New Money
How were workers paid?
Workers were paid in silver pennies. There were silver mines to meet that need, and many new ones were discovered at this time.
What happened to mints?
- Mints proliferated. Small workshop mints, typical before the thirteenth century, gave way to mint factories run by profit-minded entrepreneurs.
- Rulers added to their power by making sure that the coins of the mints that they controlled prevailed throughout their dominions.
What did Doge Enrico Dandolo do?
Between the early thirteenth and mid-fourteenth centuries, new, heavy silver coins were struck.
Under Doge Enrico Dandolo (r.1192-1205), Venice began to mint great silver coins, grossi ("big ones" in Italian; sing grosso), in order to make convenient payments for the Fourth Crusade, even as it continued to use its little silveer coins, the piccoli
Under Doge Enrico Dandolo (r.1192-1205), Venice began to mint great silver coins, grossi ("big ones" in Italian; sing grosso), in order to make convenient payments for the Fourth Crusade, even as it continued to use its little silveer coins, the piccoli
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