Intercursus Magnus

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The Intercursus Magnus was a major and long-lasting commercial treaty signed in February 1496 by Henry VII of England[1] Other signatories included the commercial powers of Venice, Florence, the Netherlands, and the Hanseatic League. Briefly, the Malus Intercursus ("evil treaty"; so named from the Dutch perspective for being far too favorable to English interests) was negotiated with Philip of Burgundy and was intended to replace the Intercursus Magnus in 1506. Philip's death meant that the Intercursus Magnus continued to be in effect.[2] It granted reciprocal trade privileges to English and Flemings and established fixed duties. These certainties greatly aided English export of wool, and thus Henry VII's treasury.[3] The treaty was designed to resolve some trade wars between England and the Netherlands sparked by Margaret of Burgundy's interference in English wars of succession, specifically her support for Perkin Warbeck; one condition of the treaty was that no further meddling take place.

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[edit] References

  1. ^ "In 1496 Portinari was among the negotiators of the Intercursus Magnus, the great treaty which for many years was to regulate commercial intercourse between England and the Low Countries." De Roover 1966. He sources, on pages xxxix-xl, the Correspondance de la filiale de Bruges des Medici (Armand Grunzwig, 1931), which was a compilation of correspondences between the Medici bank branch at Bruges and the home branch in Florence.
  2. ^ "Domestic and Foreign Policy of Henry VII"
  3. ^ "By 1496 they were a chartered organization with a legal monopoly of the woolen cloth trade, and largely as a consequence of their political and international importance, Henry successfully negotiated the Intercursus Magnus, a highly favourable commercial treaty between England and the Low Countries." "United Kingdom." Encyclopædia Britannica. 2006. Encyclopædia Britannica Online. 3 Oct. 2006.

[edit] Sources

  • De Roover (1904-1972), Raymond Adrien (1966), The rise and decline of the Medici Bank: 1397-1494, New York City; Toronto: W. W. Norton & Company, Inc.; George J. McLeod Limited (respectively), LCCN: 63-11417  - (the product of three years of research in the Florentine archives, to improve the author's previous work; it was previously released in 1963 by Harvard University Press - De Roover, 1966)

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