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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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.
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language eng
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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
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