Encyclopedia of Early Modern History Online

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(976 words)

A purchase is a legal transaction entailing the exchange of goods for money. As barter of goods for other goods waned in the Middle Ages, purchase increased in importance, especially in cities as the money economy became established, and it remained the most important commercial transaction throughout the early modern period.

1. Fulfillment and effects

A purchase in the early modern period was – in principle, and in the light of the rec…

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Löhnig, Martin, “Purchase”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 04 March 2024 <http://dx.doi.org/10.1163/2352-0272_emho_COM_022033>
First published online: 2015
First print edition: 20210107

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