This volume investigates the use of mortgages in the European countryside between the thirteenth and eighteenth centuries. A mortgage allowed a loan to be secured with land or other property, and the practice has been linked to the transformation of the agrarian economy that paved the way for modern economic growth. Historians have viewed the mortgage both positively and negatively: on the one hand, it provided borrowers with opportunities for investment in agriculture; but equally, it exposed them to the risk of losing their mortgaged property. The case studies presented in this volume reveal the variety of forms that the mortgage took, and show how an intricate balance was struck between the interests of the borrower looking for funds, and those of the lender looking for security. It is argued that the character of mortgage law, and the nature of rights in land in operation in any given the place and period, determined the degree to which mortgages were employed. Over time, developments in these factors allowed increasing numbers of peasants to use mortgages more freely, and with a decreasing risk of expropriation. This volume will be appealing to academics and researchers interested in financial history, rural credit and debt, and the economic history of agrarian communities.

This volume investigates the use of mortgages in the European countryside between the thirteenth and eighteenth centuries. A mortgage allowed a loan to be secured with land or other property, and the practice has been linked to the transformation of the agrarian economy that paved the way for modern economic growth. Historians have viewed the mortgage both positively and negatively: on the one hand, it provided borrowers with opportunities for investment in agriculture; but equally, it exposed them to the risk of losing their mortgaged property. The case studies presented in this volume reveal the variety of forms that the mortgage took, and show how an intricate balance was struck between the interests of the borrower looking for funds, and those of the lender looking for security. It is argued that the character of mortgage law, and the nature of rights in land in operation in any given the place and period, determined the degree to which mortgages were employed. Over time, developments in these factors allowed increasing numbers of peasants to use mortgages more freely, and with a decreasing risk of expropriation. This volume will be appealing to academics and researchers interested in financial history, rural credit and debt, and the economic history of agrarian communities.

Presents the latest research on the causes and consequences of British population change from the medieval period to the eve of the Industrial Revolution, in both town and countryside Population, Welfare and Economic Change presents the latest research on the causes and consequences of British population change from the medieval period to the eve of the Industrial Revolution, in both town and countryside. Its overarching concern is with the economic and demographic decision-making of individuals and groups and the extent to which these were constrained by institutions and resources. Within this, the volume's particular focus is on population growth: its causes and the welfare challenges it posed. Several chapters investigate the success with which the English Old Poor Law provided care for the poor and elderly, and new work on alternative welfare institutions, such as almshouses, is also presented. A further distinctive feature of this book is its comparative perspective. By making systematic comparisons between economic and demographic developments in pre-industrial Britain and those taking place in various regions of contemporary Continental Europe and Russia, several chapters uncover how far Britain in this period was 'different'. Stimulating to experts and students alike, Population, Welfareand Economic Change offers overviews and summaries of the latest scholarship by leading economic historians and historical demographers, alongside detailed case studies which showcase the original research of younger scholars. Chris Briggs is Lecturer in Medieval British Economic and Social History at the University of Cambridge and a Fellow of Selwyn College. P.M. Kitson is a former Research Associate at the Cambridge Group for the Historyof Population and Social Structure and Bye-Fellow of Downing College, Cambridge. S.J. Thompson is a former J.H. Plumb Fellow and Director of Studies in History at Christ's College, Cambridge. CONTRIBUTORS: Lorraine Barry, Jeremy Boulton, Chris Briggs, Bruce M.S. Campbell, Tracy Dennison, Nigel Goose, R.W. Hoyle, Peter Kitson, Julie Marfany, Rebecca Oakes, Sheilagh Ogilvie, Stephen Thompson, Samantha Williams, Sir Tony Wrigley, Margaret Yates

Exploring the role of credit is vital to understanding any economy. In the past two decades historians of many European regions have become increasingly aware that medieval credit, far from being the preserve of merchants, bankers, or monarchs, was actually of basic importance to the ordinary villagers who made up most of the population.
This is the first study devoted to credit in rural England in the middle ages. Focusing in particular on seven well-documented villages, it examines in detail some of the many thousands of village credit transactions of this period, identifies the people who performed them, and explores the social relationships brought about by involvement in credit. The evidence comes primarily from inter-peasant debt litigation recorded in the proceedings of manor courts, which were the private legal jurisdictions of landlords.
A comparative study which discusses the English evidence alongside findings from other parts of medieval and early modern Europe, it argues that the prevailing view of medieval English credit as a marker of poverty and crisis is inadequate. In fact, the credit networks of the English countryside were surprisingly resilient in the face of the fourteenth-century crises associated with plague, famine, and economic depression.
This volume will be essential reading for specialists on medieval Britain and will also engage a more general readership interested in conditions and structures in pre-industrial and developing societies.