James

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If the data from the Continental written sources is combined, the protection money paid to the Vikings during the ninth century totalled about thirty thousand pounds’ weight of silver, most of it in cash: a sum equivalent to seven million silver pennies over a period when the estimated total output of the Frankish mints was in the region of fifty million coins. This equates to approximately 14 percent of the entire monetary output of the Frankish Empire—for a century—evaporated in the payment of extortion demands that produced no tangible positive gain and, in many cases, failed to appease the ...more
The Children of Ash and Elm: A History of the Vikings
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