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The medieval English wool trade was one of the most important factors in the medieval English economy. 'No form of manufacturing had a greater impact upon the economy and society of medieval Britain than did those industries producing cloths from various kinds of wool'. The trade's liveliest period, 1250–1350, was 'an era when trade in wool had been the backbone and driving force in the English medieval economy'.The wool trade was a major driver of enclosure (the privatisation of common land) in English agriculture, which in turn had major social consequences, as part of the British Agricultural Revolution.
Among the lasting monuments to the success of the trade are the 'wool churches' of East Anglia and the Cotswolds; the London Worshipful Company of Clothworkers; and the fact that since the fourteenth century, the presiding officer of the House of Lords has sat on the Woolsack, a chair stuffed with wool.

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