By Roger Highfield
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Extra resources for Spain in the Fifteenth Century 1369–1516: Essays and Extracts by Historians of Spain
Sample text
This was a measure taken in a period of crisis, no sooner published than flouted. Only during the reign of Henry IV-that king so little known to history-did an effective and intelligent protectionist policy begin to be practised, and it was to be continued by the Catholic Monarchs. NOTES [1. A. P. ] [2. Cortes de los antiguos reinos de Arag6n y de Valencia y principado de Cataluiia [3. [4. [5. [6. ] R. S. ] Cf. J. Vicens Vives, Economic History of Spain, trans. F. ] Cf. C. ] FURTHER READING J. Brousolle, "Les impositions municipales de Barcelone de 1328-1462," EHM, v (1955).
S The advances of the Reconquest merely reinforced the entry of the kingdom, now Castilian-Leonese, into the dual monetary orbit of allies and invaders. Dineros and dinars from beyond its frontiers circulated more and more freely until the economic development of Castile brought about an emancipation. The first Castilian dineros were minted in Toledo shortly after its capture by Alfonso VI [ro65-II09], and the first dinars (with Arabic inscriptions) much later, in II72, after the Moslem king of Murcia, the habitual supplier of the Castilian-Leonese market, had stopped minting gold.
Chronically in need of cash, they found it in the tight purse of the Hebrew. Early in the thirteenth century, sumptuary statutes like those of Cuenca authorized the Jews to charge interest at the rate of one-eighth of a maravedi or one-twelfth of a solidus per week. This means a monthly interest of 50 and 3 3! per cent respectively, a truly fabulous amount. Alfonso X limited this interest to nl per cent annually (1268), a tremendous reduction which was often flouted. Private documents prove this.