QUOTE(jlueke @ Sep 4 2005, 04:45 AM)
Why did the Saxons pay the Danegeld?
When did it stop?
Ha the Danegeld a most interesting form of external taxation. The king's of Denmark charged England a tax. If the English coughed up the Danes promised not to invade, loot, rape and pillage. If the English refused to pay they'd do some raids and lay coastal villages to wasted. So the English after having experience at first hand that the Vikings were very capable of this (especially when they ransacked Lindisfarne Abbey in 793 and stripped it).
So the English coughed up the money, the sums were quite extortionate, upto 36,000 pounds of silver (both pounds in weight and pounds in sterling as they were the same during this period). That'd be a few billion pounds now. This bought a two year raid free period from 1007-09.
In 1012 the Danes were bought off one again for 48,000 pounds of silver, they had sacked Canterbury and murdered the Archbishop.
To work out the number of pennies involved in those two payments alone (ignoring the 72,000 pounds one paid by Canute), it'd be 36,000 + 48,000 = 84,000 x 240 = 20,160,000 coins that went from England to Demark in 1007 and 1012 alone.
It's not surprising more Æthelred II coins are found in Denmark than in England. This is not counting the other Danegeld payments or the coins still circulating in England. In the late 10th and early 11th century England was a very wealthy country and the Vikings knew thins, originally they were happy to just do raids and pinch whatever they could. Then as the 10th century went on they demanded the English pay them off, then in the early 11th century the Danes figured rather than just taking payments every few years they might as well invade, overthrow the monarchy and take over. So that's what they did. In 1016 Canute became king of England and Denmark and her is where the Danegeld finally ceased to be paid.
Although the Danegeld lived on in another form of taxation known as talliage. So it didn't go away completely.