Trade
The Scottish economy of this period was dominated by agriculture and by short-distance, local trade. There was an increasing amount of foreign trade in the period, as well as exchange gained by means of military plunder. Generally, continental trading centres were confined to the eastern seaboard, and exchange with Scandinavia and Ireland on the western seaboard. The first Scottish coins were minted in the reign of David I, perhaps in the silver gained by David's acquisition of the Pennine silver mines. By the end of this period, coins were replacing barter goods, but for most of this period most exchange was done without the use of metal currency.
Read more about this topic: Economy Of Scotland In The High Middle Ages
Famous quotes containing the word trade:
“You know that fiction, prose rather, is possibly the roughest trade of all in writing. You do not have the reference, the old important reference. You have the sheet of blank paper, the pencil, and the obligation to invent truer than things can be true. You have to take what is not palpable and make it completely palpable and also have it seem normal and so that it can become a part of experience of the person who reads it.”
—Ernest Hemingway (1899–1961)
“No king on earth is as safe in his job as a Trade Union official. There is only one thing that can get him sacked; and that is drink. Not even that, as long as he doesn’t actually fall down.”
—George Bernard Shaw (1856–1950)
“... it must be obvious that in the agitation preceding the enactment of [protective] laws the zeal of the reformers would be second to the zeal of the highly paid night-workers who are anxious to hold their trade against an invasion of skilled women. To this sort of interference with her working life the modern woman can have but one attitude: I am not a child.”
—Crystal Eastman (1881–1928)