without wealth or lively patterns of exchange. In the first place, money was still
minted, but increasingly in silver rather than gold. The change of metal was due in
part to a shortage of gold in Europe. But it was also a nod to the importance of small-
scale commercial transactions—sales of surplus wine from a vineyard, say, for which
small coins were the most practical. In the second place, North Sea merchant-sailors
—carrying, for example, ceramic plates and glass vessels—had begun to link northern
Francia, the east coast of England, Scandinavia, and the Baltic Sea. Brisk trade gave
rise to new emporia and revivified older Roman cities along the coasts. In the third
place, a gift economy—that is, an economy of give and take—was flourishing. Booty
was seized, tribute demanded, harvests hoarded, and coins struck, all to be
redistributed to friends, followers, dependents, and the church. Kings and other rich
and powerful men and women amassed gold, silver, ornaments, and jewelry in their
treasuries and grain in their storehouses to give out in ceremonies that marked their
power and added to their prestige. Even the rents that peasants paid to their lords,
mainly in kind, were often couched as “gifts.”
POLITICS AND CULTURE
If variations were plentiful in even so basic a matter as material and farming
conditions, the differences were magnified by political and cultural conditions. We
need now to take Europe kingdom by kingdom.
Francia