5. Henry VII Economic Development

Question 1

What were the main features of Agrarian economy under Henry VII?

Answer 1

• Greater movement to sheep farming between 1480-90s due to higher demand for wool from foreign markets and population growth
• Separated into 2 zones the lowland zone and highland zone with different types of farming occurring (mixed and pastoral)

Question 2

What was the main features of Trade and industry under Henry VII?

Answer 2

• Cloth trade responsible for 90% of English exports
• This increased rural employment spreading wealth across the countryside
• England remained reliant as other industries remained small in comparison to continental competitors. But England still produced necessities for life.
• Trade at this time was inconsistent as henry was interested in maximising revenue but would sacrifice this for security of his dynasty as seen in the trade embargo with burgundy.