The Wealth of Wives

A shrewd Venetian visiting England around 1500 commented about the concentration of wealth and property in women's hands. He reported that London law divided a testator's property three ways allowing a third to the wife for her life use, a third for immediate inheritance of the heirs, and a third for burial and the benefit of the testator's soul. Women inherited equally with men and widows had custody of the wealth of minor children. In a society in which marriage was assumed to be a natural state for women, London women married and remarried. Their wealth followed them in their marriages and it was administered by subsequent husbands. This study, based on extensive use of primary source materials, shows that London's economic growth was in part due to the substantial wealth that women transmitted through marriage.