This paper employs a unique, hand-collected dataset of exchange rates for five major currencies (the lira of Barcelona, the pound sterling of England, the pond groot of Flanders, the florin of Florence and the livre tournois of France) to consider whether the law of one price and purchasing power parity held in Europe during the late fourteenth and early fifteenth centuries.
The first retail shops, as opposed to those of craftsmen and artisans selling goods they made themselves, were drapers, mercers, haberdashers and grocers.
In the paper it is shown that medieval land reclamation led to the emergence of two very divergent societies, characterised by a number of different configurations; (a) power and property structure, (b) modes of exploitation, (c) economic portfolios, and (d) commodity markets.
The unusually full medieval records of the guild of London tailors, known from 1503 as the Merchant Taylors’ Company, provides a rare opportunity to assess the variety of roles which these organisations played in late-medieval London.
This paper intends to explore some of the possibilities offered by the physical and conceptual structures of fairs towards the interpretation of medieval culture from the viewpoint of an archaeologist working largely in southern Italy.