Summary

1911 Encyclopædia Britannica, Volume 7… (1911)

DANEGELD, an English national tax originally levied by Æthelred II. (the Unready) as a means of raising the tribute which was the price of the temporary cessation of the Danish ravages. This expedient of buying off the invader was first adopted in 991 on the advice of certain great men of the kingdom. It was repeated in 994, 1002, 1007 and 1012. With the accession of the Danish king Canute, the original raison d’être of the tax ceased to exist, but it continued to be levied, though for a different purpose, assuming now the character of an occasional war-tax.
Source: Wikisource

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