53. Overseas Trade Flashcards
What was the main English export?
Woollen cloth
What happened to demand for woollen products at home and in Europe?
Demand declined
Where did much of the finance for enterprises come from?
Private investors
Who was the Muscovy Company trading with?
Russia
How did the Muscovy company trade with Russia?
Woollen goods were sold and furs brought back
What goods were imported from Russia later?
Hides, tan, timber, hemp, and wax
What were imports from Russia useful for?
Expansion of the navy
What was an aim of expanding into Russia?
To buy silk and spices using the route down the River Volga to Persia
What happened when Anthony Jenkinson of the Muscovy company arrived in Moscow?
He needed permission from the Tsar to proceed to Persia, but he found the factions at the court of Ivan IV quite difficult to circumvent
When did Anthony Jenkinson arrive in Moscow?
1557
What happened when Anthony Jenkinson arrived in Persia?
He found the Shah unwilling to do trade with non Muslims
When was the Persian route abandoned?
1573
Who developed another trading opportunity?
John Hawkins
What was John Hawkins new trading opportunity?
Trading slaves from the Guinea coast to West Indies
What did the Spanish claim?
A monopoly of trade with the American settlements, and the Spanish fleet attacked Hawkins in 1568
