11 - Economic Development in the Reign of Henry VIII

Question 1

How can you define economic growth?

Answer 1

• growth of industry and trade
• higher wages and lower prices
• increase in ownership
• increase in employment

Question 2

Nobles - economic growth

Answer 2

• 10% of land available for cultivation
• created 7 barons and promoted 3 existing peers
• Suffolk was granted property in Lincolnshire 1936

Question 3

Nobles - economic decline

Answer 3

• while bastard feudalism had not died away, the nobility was becoming more and more controlled by the king
• Thomas Finnes, a noble killed in 1541 hung for murder of neighbours servant
• Duke of Buckingham executed for treason in 1521

Question 4

Gentry - economic growth

Answer 4

• owned 25% of cultivation land
• 5000 gentry families by 1540
• William Stumpe, MP for Wiltshire

Question 5

Gentry - economic decline

Answer 5

• 181 gentry families became extinct
• laymen took on admission roles
• gentry x3, land x2

Question 6

What happened to the population from 1525 - 1551?

Answer 6

Grew from 2.26 mil to 3.01 mil

Question 7

What happened to rents?

Answer 7

Midlands - rent of meadowland grew x4 from 1540-85

Question 8

What happened to wages?

Answer 8

Population growth meant labour was plentiful and cheap, people would drift through towns

Question 9

What happened to purchasing power?

Answer 9

Decreased from 96 to 70

Question 10

What happened to sustenance?

Answer 10

• bad harvests in 27-29 and 44-45
• black death 46-47
• wheat, barley and rye prices grew

Question 11

Where were pasture farmers?

Answer 11

North, provided cloth

Question 12

Where were enclosure farmers?

Answer 12

Midlands, after 1517 there was legislation against removing tennants

Question 13

Where were arable farmers?

Answer 13

South East

Question 14

Cloth

Answer 14

• 10% of cloth trade
• almost doubled from 11-47
• domestic to industrial sphere

Question 15

Tin

Answer 15

Cornish tin remained a prised export

Question 16

Lead

Answer 16

High in the pennies

Question 17

Coal

Answer 17

London supplied by north sea
Growing importancd

Question 18

North

Answer 18

• suffered from AG
• lead and coal growth

Question 19

East

Answer 19

• Boston and Hull suffered from cloth reroute
• East Anglia, cloth industry

Question 20

South

Answer 20

• 1/2 of Coventry had no personal wealth
• London to Antwerp remained a prominent route
• Southampton boom in trade with Venice short lived

Question 21

West

Answer 21

• ports in Bristol suffered from trade through London

Question 22

Cloth Merchants

Answer 22

• social staus for merchants
• Kersey developed, cheap fabric widely attainable

Question 23

Cloth Workers

Answer 23

• transitioned away from household layout
• WRoY, East Anglia aquired wealth from cloth

Question 24

Exploration

Answer 24

• Henry uninterested in exploration
• Cabot only visited twice in reign
• Mining boomed, iron ore furnaces 26