Wool and Farming as Sources of Wealth Flashcards

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In Edward I's reign, what was England's most valuable export?

Wool was England's most valuable export and brought in more money than any other product.

It was soft and high quality, so cloth makers in places like Flanders paid good prices for it.

They kept big flocks, sold the fleeces for cash, and could also rent out pasture for other people's sheep.

Many monasteries owned huge areas of land, ran large sheep farms, and sold their wool to merchants.

Most wealth and jobs came from farming the land and keeping animals, not from industry or services.

Village land was split into large fields, then into narrow strips. Each family farmed several strips to grow crops.

A family with more strips and more animals had more to eat and more spare produce to sell for money.

They sold surplus grain, eggs or animals and might keep a few sheep to sell fleeces at market.

Market towns gathered wool from the countryside, and ports like Boston and London exported it abroad for profit.

Poor harvests meant less food, higher prices, and less surplus to sell, so both peasants and lords lost income.