Showing posts with label King John the Good. Show all posts
Showing posts with label King John the Good. Show all posts

Tuesday, June 28, 2022

Other French Currency

The franc was coined by King John the Good in 1360 to help stabilize the currency in France and try to generate the millions he needed to pay off Edward III of England for his ransom (he had been captured during the Battle of Poitiers). It was used for almost 300 years, then reintroduced post-Revolution (in 1795) in decimal form, remaining popular up to (and including) the introduction of the euro. In 1960, the unit of currency was re-named "new franc" and declared worth 100x the "old" franc. Eventually "new" was dropped and it was simply "franc" again.

Prior to the franc, there were many currencies used in France, many of them based on the livre tournois (the "Tours pound"). There was no livre tournois coin, because it was the equivalent of one pound of silver; it was used as a unit of measurement for accounting purposes. Pepin the Short, father of Charlemagne, created a long-standing system of currency for the French (and English) when he made the livre (pound) equivalent to 20 sous or sols (shillings), each of which was divided into 12 denier (pennies, seen in the illustration). The only coin minted in this system was the denier; the other two "coins" were simply used for convenience to describe larger numbers of denier.

Around 1000 CE the Capetians introduced the French Mark as a unit equivalent to 16 sols or 192 denier. Kings tried to establish a fixed standard for the livre and the Paris pound or livre Parisi was born, but the livre tournois became the standard for accounting during the reign of Louis IX in 1266.

The Hundred Years War saw the livre depreciating, and King John tried to correct this with the franc. It was called that as the short form of the inscription Johannes Dei Gratia Francorum Rex (Latin: "John by the grace of God king of the French"). The franc was now worth an entire livre tournois.

For most of the history of French currency, silver was used, while gold was more common in Byzantine currency. Did Western Europe have less accessibility to gold than other parts of the world? Let's talk about getting gold next time.

Monday, June 27, 2022

King John the Hostage

King John the Good of France was captured during the Battle of Poitiers in 1356 and taken to England as a hostage, hosted by King Edward. He was given grand lodgings along with his son Philip, where he could have horses and pets, travel the country, dine in grand style, and have a court astrologer and musicians. As a king and peer of Edward, he was going to be treated royally.

The Treaty of Brétigny in 1360 exchanged John for 83 other hostages while waiting for cash payments totaling three million écus. Edward would renounce his claim to the French throne, and France would allow him to hold several areas without owing allegiance to the French throne. John also gave over to England two of his sons: Louis I the Duke of Anjou, and John, Duke of Berry; they were held in Calais, under English control.

In 1362, Louis of Anjou decided he had enough and escaped captivity, against the terms of the treaty. King John was appalled, and felt honor-bound to return to captivity in England. He ultimately was hosted at the Tower of London, where he died in 1364.

Every account of John's captivity and freedom and return mentions that he minted the franc when he first was released in order to stabilize the French economy. Since I've been talking about currency recently, I suppose it's fair to give the franc its moment in the spotlight. See you next time.

Sunday, June 26, 2022

The Give and Take of Hostages

Probably the easiest way to sum up the medieval view of hostages is a line from Adam Costa's Hostages in the Middle Ages:

In medieval Europe, hostages were given, not taken. They were a means of guarantee used to secure transactions ranging from treaties to wartime commitments to financial transactions.

The word itself has caused debate among etymologists. Some sources think it is related to the Latin hostis, "stranger." It seems more likely it is from Old French ostage, which was used for both pledge or bail and kindness or hospitality. In turn this was from Latin obsidanus, meaning literally "to sit before" and meaning people who were hostages.

A hostage was a pledge of financial payment or cooperation. One example was Philip of Courtenay. Another was William Marshal. William served five English kings, starting with Henry II. When he was a boy, his father, John, opposed King Stephen in favor of the Empress Matilda (this was during "The Anarchy"). Stephen was besieging John's Newbury Castle, and John promised he would eventually surrender the castle and offered William as hostage/surety for his promise.

John used the time it bought him, however, to reinforce the castle and send word to Matilda's forces of what was happening. Stephen found out, and ordered John to surrender immediately, or else William would be hanged. John called Stephen's bluff, saying "I still have the hammer and the anvil with which to forge still more and better sons!" Stephen started to arrange to have William catapulted at the castle, but could not do it. Harming a hostage and harming a child were not easily done.William was released only after several months went by and a peace treaty was signed to end the war.

Another famous hostage was King John of France (26 April 1319 – 8 April 1364) during the Hundred Years War. The English under Edward, the Black Prince, dominated at the Battle of Poitiers, although the French army was probably twice the size. John was captured by a French exile who had sided with the English, Denis de Morbecque, who promised to lead John to the Prince of Wales. John surrendered by handing over his glove.

John was taken to England, where he lived in high style for years. He was allowed to travel the country, and had a budget that included buying pets and clothing and having his own court astrologer and a court band. He would be a hostage while a treaty (including ransom) favorable to the English would be negotiated.

His son, the Dauphin, had great difficulty arranging things back in France. The Estates General, a consulting and legislative body of the various estates in France, were angry over the mismanagement of resources (taxes and men) in a disastrous military engagement. They demanded political concessions in exchange for money, which the Dauphin refused. King John would remain a hostage, hosted by King Edward, for a total of four years. How he was able to go home, and why he then went back to England to place himself in captivity, will be explained tomorrow.