The 'Industrial Crisis' of the English Textile Towns, c.1290 - c.1330
AbstractThe paper's thesis is that the chief causes for the well-known `industrial crisis' of the traditional English textile towns during the period c.1290 - c.1340 was not the emergence of supposedly superior, lower-cost rural competition, as is generally supposed, but rather a far-reaching economic crisis that was afflicting their major cloth markets, those in the Mediterranean basin; and furthermore, that during this same era almost all of the textile towns, small and large, in northern France and the Low Countries were then experiencing an almost identical crisis. Most of these northern textile producers had been sending the bulk of their exports as price-takers', in the form of cheap, coarse, light, undifferentiated textiles, to the Mediterranean, where warm climates, mass urban markets, and -- during the 12th and 13th centuries -- low transaction costs had made such exports from north-west Europe profitable. From the 1290s, however, the entire Mediterranean basin and much of wester Europe were beset with incessant, spreading warfare, piracy, and political instability, which cumulatively led to rising taxes, transport, and marketing costs, while disrupting and contracting markets; by the 1320s transaction costs had risen to such a high level that northern producers could no longer profit from sending send cheap textiles over such long and hazardous routes to what had become saturated Mediterranean markets. For reasons explored elsewhere, by the 1340s, some Flemish and Brabantine towns had adjusted to this crisis by shifting production, as `price-makers', to very high-priced highly differentiated luxury woollens, which could better bear these rising transaction costs. From the 1360s, English cloth manufacturers pursued this same route, while enjoying a virtual monopoly on very high quality wools, and the protection of high export taxes on those wools to overseas competitors producing luxury woollens. In this era production from the now revived and expanding Englishcloth industry was in fact still much more urban than rural. The more pronounced though still gradual shift to rural cloth making took place in the following century, for reasons beyond the scope of this paper.
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Bibliographic InfoPaper provided by University of Toronto, Department of Economics in its series Working Papers with number munro-98-02.
Length: 64 pages
Date of creation: 18 Jun 1998
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Find related papers by JEL classification:
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
- N6 - Economic History - - Manufacturing and Construction
- N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
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- NEP-ALL-2001-06-22 (All new papers)
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- John H. Munro, 2008. "Necessities and Luxuries in Early-Modern Textile Consumption: Real Values of Worsted Says and Fine Woollens in the Sixteenth-Century Low Countries," Working Papers, University of Toronto, Department of Economics tecipa-323, University of Toronto, Department of Economics.
- Munro, John H., 2000. "The 'New Institutional Economics' and the Changing Fortunes of Fairs in Medieval and Early Modern Europe: the Textile Trades, Warfare, and Transaction Costs," MPRA Paper 11029, University Library of Munich, Germany, revised Feb 2001.
- Munro, John H., 2007. "Hanseatic commerce in textiles from the Low Countries and England during the Later Middle Ages: changing trends in textiles, markets, prices, and values, 1290 - 1570," MPRA Paper 11199, University Library of Munich, Germany, revised Jun 2008.
- Munro, John H., 2002. "Industrial energy from water-mills in the European economy, 5th to 18th Centuries: the limitations of power," MPRA Paper 11027, University Library of Munich, Germany, revised Jun 2002.
- John H. A. Munro, 2005.
"Spanish Merino Wools and the Nouvelles Draperies: An Industrial Transformation in the Late-Medieval Low Countries,"
Working Papers, University of Toronto, Department of Economics
munro-04-03, University of Toronto, Department of Economics.
- Munro, John H., 2004. "Spanish Merino wools and the Nouvelles Draperies: an industrial transformation in the late-medieval Low Countries," MPRA Paper 15808, University Library of Munich, Germany, revised 22 Mar 2005.
- Munro, John H., 2005.
"I panni di lana: Nascita, espansione e declino dell’industria tessile di lana italiana, 1100-1730
[The woollen cloth industry in Italy: The rise, expansion, and decline of the Italian cloth indus," MPRA Paper 11038, University Library of Munich, Germany, revised Sep 2006.
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