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:
“I am cozily ensconced in the balcony of my face
Looking out over the whole darn countryside, a beacon of satisfaction
I am. I’ll not trade places with a king. Here I am then, continuing but ever beginning
My perennial voyage....”
—John Ashbery (b. 1927)
“The profession of magician, is one of the most perilous and arduous specialisations of the imagination. On the one hand there is the hostility of God and the police to be guarded against; on the other it is as difficult as music, as deep as poetry, as ingenious as stage-craft, as nervous as the manufacture of high explosives, and as delicate as the trade in narcotics.”
—William Bolitho (1890–1930)
“It passes, and we stay:
A quality of loss
Affecting our content,
As trade had suddenly encroached
Upon a sacrament.”
—Emily Dickinson (1830–1886)