While they are mostly known for their violent, desctructive raids, there is evidence that the long-term effects of the Viking presence in Europe were mostly positive. Recent traditional evidence suggests that the Vikings actually helped proliferate the use of coins and precious metals in the British economy (Campbell 2001). The first post-Roman British settlements to use coins were Emporia: towns of 1,000 which were specifically built for trade (Campbell 2001). Coin hoards were found the tombs in the inhabitants of these pre-Viking towns, so the native Anglo-Saxons did have knowledge of coinage (Campbell 2001). However, there are no signs of any use of coinage or coin hoards outside of the Emporia, most likely due to the collapse in trade following the withdrawal of Roman soldiers in the 5th century. The Scandinavian invaders initially introduced a bullion-based economy, in which the amount and purity of metal, was more valuable than the form. Even this appears less sophisticated than a coin economy, the Vikings managed this system very well. For example, merchants had very small scales in their pockets so they could always record the amount of silver a customer gave them (Hall 1990). This system allowed the mostly-illiterate Scandinavians to have a relatively efficient financial system. Within the Viking-controlled Danelaw, this system replaced barter even in small towns, something the Anglo-Saxon kingdoms were not able to accomplish (Hadley 2000). Eventually, the Vikings adopted the coin systems of the rival English territories in order to embrace some of the conquered peoples’ customs, allowing coins to spread throughout the Danelaw. This is demonstrated by the slow transition of Viking grave goods from the 8th to the 10th centuries. While initially, the vast majority of
While they are mostly known for their violent, desctructive raids, there is evidence that the long-term effects of the Viking presence in Europe were mostly positive. Recent traditional evidence suggests that the Vikings actually helped proliferate the use of coins and precious metals in the British economy (Campbell 2001). The first post-Roman British settlements to use coins were Emporia: towns of 1,000 which were specifically built for trade (Campbell 2001). Coin hoards were found the tombs in the inhabitants of these pre-Viking towns, so the native Anglo-Saxons did have knowledge of coinage (Campbell 2001). However, there are no signs of any use of coinage or coin hoards outside of the Emporia, most likely due to the collapse in trade following the withdrawal of Roman soldiers in the 5th century. The Scandinavian invaders initially introduced a bullion-based economy, in which the amount and purity of metal, was more valuable than the form. Even this appears less sophisticated than a coin economy, the Vikings managed this system very well. For example, merchants had very small scales in their pockets so they could always record the amount of silver a customer gave them (Hall 1990). This system allowed the mostly-illiterate Scandinavians to have a relatively efficient financial system. Within the Viking-controlled Danelaw, this system replaced barter even in small towns, something the Anglo-Saxon kingdoms were not able to accomplish (Hadley 2000). Eventually, the Vikings adopted the coin systems of the rival English territories in order to embrace some of the conquered peoples’ customs, allowing coins to spread throughout the Danelaw. This is demonstrated by the slow transition of Viking grave goods from the 8th to the 10th centuries. While initially, the vast majority of