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:
“We are the trade union for pensioners and children, the trade union for the disabled and the sick ... the trade union for the nation as a whole.”
—Edward Heath (b. 1916)
“...to many a mother’s heart has come the disappointment of a loss of power, a limitation of influence when early manhood takes the boy from the home, or when even before that time, in school, or where he touches the great world and begins to be bewildered with its controversies, trade and economics and politics make their imprint even while his lips are dewy with his mother’s kiss.”
—J. Ellen Foster (1840–1910)
“My trade and my art is living. He who forbids me to speak about it according to my sense, experience, and practice, let him order the architect to speak of buildings not according to himself but according to his neighbor; according to another man’s knowledge, not according to his own.”
—Michel de Montaigne (1533–1592)