Money & Trade

The growth in Trade

As Europe became more peaceful and orderly, people began to be more interested in buying things and demands for luxury items such as silks and gems increased. Trade grew and medieval merchants who used to be just peddlars became more properous and a rich merchant class emerged. The marketplace became the focus of many towns. New jobs were created in towns as well as new powerful estabilshments like banks. This had an negative effect on the old feudal system.

By the 1300s, as the cities grew richer and more powerful, the merchant class wanted their freedom. In England this was bought by paying an annual tax to the king or Lord and the free towns became known as boroughs.

Coins in the Middle Ages

Medieval European coinage was standardized by Charlemagne around 800 AD when he conquered most of Europe. The standard Denier (Penny in English, Pfennig in German, Denaro in Italian) was a silver coin about the size of a US penny. It's thought that its value at the time was about that of a meal. For the next 4-500 years, most coinage in Europe followed this standard pattern. Most Medieval coins have a cross somewhere into the design. German and other eastern regions often incorporate an eagle into the design while English coins generally carry a crude portrait of the King. French coins will often show a monogram, castle, or cathedral.

Denier parisis
Used before 1223
Worth : 5/4 of a “denier tournois”

Double parisis
Worth : 2 “denier parisis”

Gros parisis
Worth : 15 “denier parisis”

Denier tournois
The daily food costed 5 “deniers tournois” in Paris

Double tournois
Worth :2 “deniers tournois”

Worth : 10 “gros tournois”

Gros tournois
Recreated in 1361
Worth :12, than 15 “deniers tournois”

Agnel d’or
Worth : 20 “gros tournois”

Franc à cheval
Worth : 20 “gros tournois”

Franc à pied
Worth : 20 “gros tournois”

Trade with Muslims

By the 9th century, the Arabs had begun to take written promises to pay or “sakk” in Arabic, word that became cheques in our language. The gold dinar and the silver dirham were coins known by the Europeans who depended on the Arabs for trade with Africa and east Asia.

1.    Books of the “Banque de France”
“Banque de France’s” signed authorization:
2.    Understanding history, volume 1, HEINEMANN

Meet the IDD team

Théodore,David,Emmanuel,Cedric & Jean


* What  was the most interesting part of the project?

  We enjoyed IDD project because it was rich in resources.  We learnt a lot and we had a lot of fun. The most enjoyable moment was the search on the internet.

* What  was the most difficult part of the project?

We did not like at all the drawings of the background because Emmanuel and  David lost the poster!!!
So it was hard to re-do it in 5 minutes.