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Medieval and Byzantine History Medieval and Byzantine History Forum - Period of History between classical antiquity and modern times, roughly the 5th through 16th Centuries


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Old November 22nd, 2012, 04:58 AM   #11

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With the greater establishment and clarification of crusading doctrine by the Church post Lateran IV, ecclesiatical taxation became a ready and convenient source for supplying finances to any crusading army. While of great value and use, since a 5-10% tax on ecclesiastical property could produce a considerable sum of money, much still relies upon the actual individual magnates and their own resources. Those of considerable position such as the King of France or rulers of great lordships might get by, but lesser magnates might fall short, and some notably did, Joinville in the 7th Crusade, Duke of Burgundy in the 3rd, and so have to rely upon their social/political superiors to bail them out. Louis IX spent about 6x his annual in come on the 7th Crusade, for which we have extensive financial accounts and it has been estimated that on average a magnate heading to the Latin East would have to provide some 4x his annual income to undertake the task. Crusading isnt cheap.
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Old November 22nd, 2012, 05:11 AM   #12
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In summary, Holy Wars are incredibly bad business, a portentous waste not just of lives, but also of a filthy amount of money, even for the invaders and even when successful.

No doubt one of the most eloquent & relevant historical lessons from the Medieval Crusade Spirit.
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Old November 22nd, 2012, 05:15 AM   #13

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Unless you happen to be an Italian merchant, they they tend to be quite profitable, but there are always those on the sidelines willing to exploit a situation to make some cash.


The Venetians in 1202 had to invent a new denomination of coin to deal with the influx of the thousands of marks of silver they were getting paid for transport.
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Old November 22nd, 2012, 05:59 AM   #14
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Quote:
Originally Posted by DreamWeaver View Post
Unless you happen to be an Italian merchant, they they tend to be quite profitable, but there are always those on the sidelines willing to exploit a situation to make some cash.


The Venetians in 1202 had to invent a new denomination of coin to deal with the influx of the thousands of marks of silver they were getting paid for transport.
Their main secret was that they didn't get involved in any Crusade spirit.

In that way they were perfectly able to profit from all sides involved.

That's exactly why the Venetian Crusade was not addressed to recover any Holy Land but to annihilate the competence.

The bad business was obviously fundamentally for those believing in the war.

BTW, their financial innovations for 1202 were probably more related with their expectations on the plunder of the filthy rich Constantinople than any commerce.

Last edited by sylla1; November 22nd, 2012 at 06:08 AM.
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Old November 22nd, 2012, 06:05 AM   #15

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Indeed one can see in the various decrees from Ecumenical councils from the Third Lateran 1179 onwards throughout the 13th Century a ban on shipping contraband to Egypt and other Muslim states with the threat of sanction and excommunication. That the Papacy kept having to issue such edicts implies that they werent being followed.
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