*** Welcome to piglix ***

Statute of the Jewry


The Statute of the Jewry was a statute issued by Edward I of England in 1275. It placed a number of restrictions on Jews of England, most notably outlawing the practice of usury.

Since the time of the Norman conquest, Jews had been filling a small but vital role in the English economy. Usury by Christians was banned by the church at the time, but Jews were permitted to act as moneylenders and bankers. That position enabled some Jews to amass tremendous wealth, but also earned them the enmity of the English populace, which added to the increasing antisemitic sentiments of the time, due to widespread indebtedness and financial ruin among the gentile population.

When Edward returned from the Crusades in 1274, two years after his accession as King of England, he found that land had become a commodity, and that many of his subjects had become dispossessed and were in danger of destitution. Jews traded land for money, and land was often mortgaged to Jewish moneylenders.

As special direct subjects of the monarch, Jews could be taxed indiscriminately by the King. Some have described the situation as indirect usury: the monarch permitting and encouraging Jews to practise usury and then taxing the profit. In the years leading up to the Statute, Edward taxed them heavily to help finance his forthcoming military campaigns in Wales, which commenced in 1277. One theory holds that he had exhausted the financial resources of the Jewish community when the Statute was passed in 1275.

The licence to buy land was included so that farming, along with trading, could give Jews an opportunity to earn a living with the abolition of usury. Unfortunately, other provisions along with widespread prejudice made this difficult for many.

After fifteen years had passed, it was discovered that Jews widely but secretly continued to practice usury, leading Edward I to issue the Edict of Expulsion in 1290.


...
Wikipedia

...