Abstract

This article builds on recent work on the Carolingian economy by giving an overview of landholding patterns and associated economic activity in the Loire valley in the ninth and tenth centuries. It demonstrates that only individuals and institutions with access to patronage from the royal fisc possessed large, unified estates; the majority of land was held as small, fragmented farmsteads. Moreover, these small parcels of land changed hands on a regular basis through grants and leases, allowing investment, agricultural development, and social and material returns for their owners. The article suggests that these small‐scale property transactions were the basis for growth and dynamism in the late Carolingian economy.

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