We might think of the Afro-Eurasian trading system as an archipelago of trade—a chain of overlapping trade circuits and trading cities. In the thirteenth century, England was at the far end of this archipelago of trade. England’s most valuable trade good was wool, which it exported to Western Europe and the Mediterranean. The best wool in Europe came from England, and England’s economy ran on wool. The wool trade helped empower an English merchant class. By the fourteenth century, these merchants organized into a guild that gave them more power and privileges in English society.
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