What did kings do with their money?

Kings collected money in a number of ways. One way was to go to war and pillage other lands. Other ways included fees charged to their lords and taxes levied on the people. Some lords paid the king “shield money” instead of going to war.

How much money did a Lord make in medieval times?

If you were a lord, you would own a Ferrari, Lamborghini or Rolls Royce. An unskilled labourer would make 2 to 4 pounds per year; a skilled labourer from 5 to 16 pounds a year. A burgher would make anything from 5 to 5000 pounds a year while a civil servant would make 15 to 300 pounds a year.

Where was money stored in medieval times?

When the Crown imposed a tax, coins were collected in from across the kingdom as payment and stored in barrels until they were needed. Other major barons also stored large quantities of money, in case of contingencies.

How did the lords acquire most of their wealth?

So the Medieval lord spent most of his money making sure that his lands— lands that he held at the pleasure of the king— produced enough wealth.

What did the lords do?

Lords and Knights – The lords ran the local manors. They also were the king’s knights and could be called into battle at any moment by their Baron. The lords owned everything on their land including the peasants, crops, and village. Most of the people living in the Middle Ages were peasants.

How did lords make their money?

Most nobles’ wealth derived from one or more estates, large or small, that might include fields, pasture, orchards, timberland, hunting grounds, streams, etc. It also included infrastructure such as castle, well and mill to which local peasants were allowed some access, although often at a price.

What did medieval lords do?

Where did peasants keep their money?

A peasant could pay in cash or in kind – seeds, equipment etc. Either way, tithes were a deeply unpopular tax. The church collected so much produce from this tax, that it had to be stored in huge tithe barns. Some of these barns can still be seen today.