William Walworth group conspired to keep food prices up, lent money to the king at inflated interest, and through personal and financial influence persuaded the king to issue edicts profitable to themselves. His most famous exploit was his encounter with Wat Tyler during the English peasants' revolt of 1381, in his second term of office as Lord Mayor. In June of that year, when Tyler and his followers entered south London, Walworth defended London Bridge against them. He was with Richard II when he met the insurgents at Smithfield, and killed the rebel leader with his baselard. The circumstances of the killing
Peasants' Revolt London, killing the Lord Chancellor and the Lord High Treasurer, whom they found inside. On 15 June, Richard left the city to meet Tyler and the rebels at Smithfield. Violence broke out, and Richard's party killed Tyler. Richard defused the tense situation long enough for London's mayor, William Walworth, to gather a militia from the city and disperse the rebel forces. Richard immediately began to re-establish order in London and rescinded his previous grants to the rebels. The revolt had also spread into East Anglia, where the University of Cambridge was attacked and many royal officials were killed. Unrest continued