28. Elizabeth- economic development

Question 1

explain ventures of Raleigh and Roanoke?

Answer 1

• Raleigh:
• 1583- granted royal charter for the colonisation of North America= to establish territorial rights
• found Roanoke, E hoped to colonise to be as lucrative as Spain, however while they earned a fortune in gold and stimulated it’s economy, Roanoke failed to flourish=failure

Question 2

explain overseas trade?

Answer 2

• slavery backed by London merchants
• John Hawkins pioneered the slave trade by sailing to Africa in the 1560’s, they were then taken to the caribbean and sold to work on plantations

Question 3

explain the reason for economic developments?

Answer 3

• there was an increasing number of bills drawn up concerning industries eg. manufacture and trade
• this growth was encouraged by the government and lobbyists of trade, Cecil listened to their proposals and realised a thriving economy would benefit England

Question 4

explain economic developments?

Answer 4

• from 1559-1563 Cecil steered measured through parliament to stimulate economy
• dubbed the ‘Elizabethan economic settlement’
• inc. new navigation acts and statute of Artificers
• in improving the economy he couldn’t eliminate periods of depression but minimised the potential for rebellion