|
In the 16th Century
the most important cash commodity was wool. Wool production had hitherto
been concentrated on the great monastic estates, but these were divided up and sold during the Reformation,
and after the break with Rome the Italian bankers also departed. This
left a gap, and it was the lawyers and merchants who had the ready money
to buy the land taken from the monasteries who soon took over the marketing of wool
and cloth. Local merchants with links to London and Wales did especially
well.
Shrewsbury was in a
prime location to lead the way in the new wool trade, being on the
border with Wales where much of the wool was produced, and on the
banks of the river Severn, which allowed goods to be transported by
boat.
The new prosperity
brought to Shrewsbury meant that new buildings were built, buildings of
such quality that they could survive to the present day. Irelands
Mansion was the earliest of the buildings erected by the new wool
merchants which still survives. |