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The Danish fisheries c.1450-1800. Medieval and early modern ...

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notable exception to the price decline occurred in the 1740s when the fishermen must have<br />

experienced a time of rare <strong>and</strong> welcome prosperity. We find reminiscences of the good times<br />

in the reports to chancellor Oeder some thirty years later, which generally lament the present<br />

<strong>and</strong> long for the good old days; they also specifically record data which seem to corroborate a<br />

decline within the past generation. Only in the last decade of the century did fishermen<br />

experience some progress in purchasing power relative to bread prices.<br />

Prices <strong>and</strong> Price Relations, Herring <strong>and</strong> Bread.<br />

Copenhagen, 1721-<strong>1800.</strong> Skilling per skippund<br />

bread autumn<br />

herring<br />

fish/bread<br />

ratio<br />

spring<br />

herring<br />

fish/bread<br />

-ratio<br />

1721-30 260 568 218 320 123<br />

1731-40 272 554 204 301 110<br />

1741-50 148 638 432 374 253<br />

1751-60 251 530 210 261 104<br />

1761-70 234 554 237 301 129<br />

1771-80 413 570 138 294 71<br />

1781-90 615 672 109 377 61<br />

1791-1800 401 713 177 462 115<br />

Source: Calculations based on tables by Friis & Glamann, A History of Prices.<br />

- Capital<br />

In the latter part of the sixteenth century, the noblemen withdrew their maritime investments<br />

25 Bauernfeind, Materielle Grundstrukturen.

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