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GCSE History · key term
A law passed in 1285 that strengthened merchants’ ability to recover debts, helping to make trading on credit more secure.
Used by AQA
Paper 2
Revise: Trade, Towns and VillagesThe Statute of Merchants in 1285 extended and strengthened these arrangements. Its importance was economic: stronger debt recovery gave merchants greater confidence that money owed to them would be paid. This encouraged trade and helped keep money circulating rather than leaving traders unable to finance their next purchases.
Distinguish the Statute of Acton Burnell (1283) from the Statute of Merchants (1285): the later law extended protection for merchants recovering debts.
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