Heawold has been around for many generations. There used to be two neighboring villages called Toiwold and Meriwold but the population of all three was so depleted after the last Goblin wars that all the inhabitants eventually banded together in Heawold.
The last goblin wars started near thirty years ago and lasted three years. Even though sustaining many causalities the goblins were slowly winning and the surviving Halflings were forced to bargain with the Dwarves for assistance. The Dwarves came down in force and had the goblins routed and offering treaties within two months. The Dwarves did well from both the Halflings and Goblins and then retreated back to their mountain strongholds.