London had become sufficiently powerful to be the chief instruments in placing his son Harold upon the throne at his death,[1] it may be inferred that the mercantile community, while requiring a greater amount of currency for the conduct of their business, had likewise become an important element in the State. It is further recorded, that the merchants of London, with the seamen of that city, many of whom had probably become Thanes, mingled with the nobility and performed a leading and conspicuous part at the coronation of Harold at Oxford, who soon afterwards increased the wages of the sailors of his fleet, giving to each of them eight mancusses[2] (2l. 16s. 8d.) annually; but when Hardicanute increased his navy to seventy-two ships,[3] a further advance was required to be made in the wages of the seamen, who were discontented with the remuneration they received.
Norman invasion, A.D. 1066. During the short period of the restoration of the Saxon monarchy the Danes resumed their marauding expeditions; but, after ravaging the coasts of Wales and Sussex, they were repulsed with great slaughter by the English under Harold II., who was however less successful in resisting the Norman invasion under William the Conqueror, whose accession constitutes a new era in the commercial and maritime, as well as in the political and general, history of Britain.
- ↑ Saxon Chron., A.D. 1036.
- ↑ Saxon Chron., A.D. 1039-40. A mancus was worth about seven shillings and a penny, sterling. Spelman (p. 387) has pointed out that accounts differ as to whether we are to read here mancusses or marks, and that these two denominations of money were sometimes interchanged.
- ↑ Saxon Chron., A.D. 1039.
