Market towns

Market town or market right is a legal term, originating in the Middle Ages, for a European settlement that has the right to host markets, distinguishing it from a village and city. A town may be correctly described as a "market town" or as having "market rights", even if it no longer holds a market, provided the legal right to do so still exists.

The primary purpose of a market town is the provision of goods and services to the surrounding locality. Although market towns were known in antiquity, their number increased rapidly from the 12th century. Market towns across Europe flourished with an improved economy, a more urbanised society and the widepread introduction of a cash-based economy. The Domesday Book of 1086 lists 50 markets in England. Some 2,000 new markets were established between 1200 and 1349. The burgeoning of market towns occurred across Europe around the same time.

Initially, market towns most often grew up close to fortified places, such as castles or monasteries, not only to enjoy their protection, but also because large manorial households and monasteries generated demand for goods and services. Historians term these very early market towns "prescriptive market towns" in that they may not have enjoyed any official sanction such as a charter, but were accorded market town status through custom and practice if they had been in existence prior to 1199. From a very early stage, kings and administrators understood that a successful market town attracted people, generated revenue and would pay for the town's defenses. From around the 12th century, English and European kings began granting charters to villages allowing them to create a market on specific days.

Framlingham in Suffolk is a notable example of a market situated near a fortified building. Additionally, markets were located where transport was easiest, such as at a crossroads or close to a river; ford, for example, Cowbridge in the Vale of Glamorgan. When local railway lines were first built, market towns were given priority to ease the transport of goods. For instance, in Calderdale, West Yorkshire, several market towns close together were designated to take advantage of the new trains. The designation of Halifax, Sowerby Bridge, Hebden Bridge, and Todmorden is an example of this.

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