Chapter An apparent paradox: wool as an alternative currency for merchants and weavers in Dubrovnik (Ragusa) in the 15th century
This article examines the use of wool as an alternative currency in Dubrovnik in the first half of the 15th century. The actors of this practice were Catalan merchants who advanced wool to local weavers. In return, the weavers had to refund the credit by transforming the wool into fabrics. The quant...
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Firenze University Press
2025
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| _version_ | 1869527302217400320 |
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| author | Fejic, Nenad |
| author_browse | Fejic, Nenad |
| author_facet | Fejic, Nenad |
| author_sort | Fejic, Nenad |
| collection | Directory of Open Access Books |
| description | This article examines the use of wool as an alternative currency in Dubrovnik in the first half of the 15th century. The actors of this practice were Catalan merchants who advanced wool to local weavers. In return, the weavers had to refund the credit by transforming the wool into fabrics. The quantity of fabrics returned was always greater than the quantity that could be produced from the wool received. This use of wool as an alternative currency corresponded to the mining prosperity in the Balkans. Silver, a precious metal, was exported by the Catalans, rather than being used to finance local wool production, which therefore had to resort to a local financing circuit, where wool, in the absence of silver currency, served as an alternative currency. |
| format | Online |
| id | doab-20.500.12854ir-149895 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Firenze University Press |
| publisherStr | Firenze University Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1498952025-07-21T15:45:25Z Chapter An apparent paradox: wool as an alternative currency for merchants and weavers in Dubrovnik (Ragusa) in the 15th century Fejic, Nenad Dubrovnik Catalans wool silver currency thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history This article examines the use of wool as an alternative currency in Dubrovnik in the first half of the 15th century. The actors of this practice were Catalan merchants who advanced wool to local weavers. In return, the weavers had to refund the credit by transforming the wool into fabrics. The quantity of fabrics returned was always greater than the quantity that could be produced from the wool received. This use of wool as an alternative currency corresponded to the mining prosperity in the Balkans. Silver, a precious metal, was exported by the Catalans, rather than being used to finance local wool production, which therefore had to resort to a local financing circuit, where wool, in the absence of silver currency, served as an alternative currency. 2025-01-17T01:58:04Z 2025-01-17T01:58:04Z 2024-12-20T12:35:45Z 2024 chapter ONIX_20241220_9791221503470_219 2975-1195 https://library.oapen.org/handle/20.500.12657/96424 9791221503470 https://directory.doabooks.org/handle/20.500.12854/149895 eng Datini Studies in Economic History open access image/jpeg Attribution 4.0 International https://library.oapen.org/bitstream/20.500.12657/96424/1/41433.pdf Firenze University Press 10.36253/979-12-215-0347-0.20 10.36253/979-12-215-0347-0.20 2ec4474d-93b1-4cfa-b313-9c6019b51b1a 9791221503470 12 Florence open access |
| spellingShingle | Dubrovnik Catalans wool silver currency thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history Fejic, Nenad Chapter An apparent paradox: wool as an alternative currency for merchants and weavers in Dubrovnik (Ragusa) in the 15th century |
| title | Chapter An apparent paradox: wool as an alternative currency for merchants and weavers in Dubrovnik (Ragusa) in the 15th century |
| title_full | Chapter An apparent paradox: wool as an alternative currency for merchants and weavers in Dubrovnik (Ragusa) in the 15th century |
| title_fullStr | Chapter An apparent paradox: wool as an alternative currency for merchants and weavers in Dubrovnik (Ragusa) in the 15th century |
| title_full_unstemmed | Chapter An apparent paradox: wool as an alternative currency for merchants and weavers in Dubrovnik (Ragusa) in the 15th century |
| title_short | Chapter An apparent paradox: wool as an alternative currency for merchants and weavers in Dubrovnik (Ragusa) in the 15th century |
| title_sort | chapter an apparent paradox wool as an alternative currency for merchants and weavers in dubrovnik ragusa in the 15th century |
| topic | Dubrovnik Catalans wool silver currency thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history |
| topic_facet | Dubrovnik Catalans wool silver currency thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history |
| url | ONIX_20241220_9791221503470_219 |
| work_keys_str_mv | AT fejicnenad chapteranapparentparadoxwoolasanalternativecurrencyformerchantsandweaversindubrovnikragusainthe15thcentury |