Saintonge War
In English history, the ‘Hundred Years’ War’ refers to the 116-year period between 1337 – 1453. In some French accounts, that period of conflict is referred to as the ‘Second Hundred Years’ War’, the first embracing the period of upheaval following the change in the balance of power between the French and English thrones from 1159 to 1259 after Henry II of England married Eleanor of Aquitaine gaining many French territories in the process and achieving territorial superiority over the French Kingdom, until the Treaty of Paris (1259), in which the opposite became true. This period saw many conflicts and battles between the two kingdoms such as the Anglo-French War (1202–1214) or the Battle of Bouvines.
Hundred Years' War (1337–1360)
The confiscation of Gascony by Philip VI precipitated the war in 1337. In response, Edward's strategy was for the English in Gascony to hold their position while his army would invade France from the north. The English forces would be supplemented by a grand alliance of continental supporters whom he promised payment of over £200,000. To pay for the war Edward had to raise large amounts of money for his own forces and also his allies on the continent. It was unlikely that the English parliament could raise the requisite sums quickly, so in the summer of 1337 a plan was developed to make virtually all the nation's wool stock available to help finance the war. 30,000 sacks would be sold by the English merchants, and the sum (estimated at £200,000) would be lent to Edward. To pay the fees promised to his allies, Edward was also forced to borrow heavily from the great banking houses of Bardi and Peruzzi. Late in 1338, when he had exhausted the funds from the banking houses, William de la Pole, a wealthy merchant, came to the kings rescue by advancing him £110,000. Much of the money that William de la Pole lent the king was raised from other English merchants. Edward also borrowed money from merchants in the Low Countries, who charged extortionate rates of interest and demanded more solid guarantees of repayment. In 1340 the Earls of Derby and Northampton were held as surety for the repayment of loans. In the summer of 1339, Edward had asked the Commons for a grant of £300,000. In early 1340 they offered the grant in return for concessions from the king. Edward, delayed by his money raising efforts, was temporarily unable to proceed with his invasion plans.