Sweyn Forkbeard's ever-increasing demands in the past…
994 CE
Sweyn Forkbeard's ever-increasing demands in the past few years have resulted in a debilitating tax known as the Danegeld, payable by the inhabitants of Ethelred's territories.
Despite Æthelred’s payout to Sweyn, it is presumably the Danish fleet that had beaten Byrhtnoth at Maldon that had from 991 continued to ravage the English coast3.
The Danish fleet, which has swollen in ranks since 991, turns up the Thames estuary in 994 and heads towards London.
The battle fought here is inconclusive.
It is about this time that Æthelred meets with the leaders of the fleet, foremost among them the Norwegian Christian Viking Olaf Tryggvason, and arranges an uneasy accord.
A treaty is signed between Ethelred and Olaf that provides for seemingly civilized arrangements between the now-settled Danish companies and the English government, such as regulation settlement disputes and of trade.
But the treaty also stipulates that the ravaging and slaughter of the previous year will be forgotten, and ends abruptly by stating that twenty-two thousand pounds of gold and silver had been paid the raiders as the price of peace.