Chapter 5 - Economic development: trade, exploration, prosperity and depression Flashcards

1
Q

What was the population of England at the beginning of the 15th century?

A

2.2 million

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2
Q

What percentage of the population lived in towns?

A

10 per cent.

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3
Q

How many towns had more than 3000 people?

A

no more than 20

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4
Q

What were the main industries in urban areas?

A

wool and cloth

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5
Q

Why did sheep farming increase in the 1480s and 1490s?

A

Arable farming became less profitable and the increased demand for wool, as the population grew and trade overseas developed.

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6
Q

What is mixed farming?

A

a system of farming which involves the growing of crops as well as the raising of animals as livestock.

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7
Q

What is pastoral farming?

A

farming involving the rearing of animals - either for animal by-products such as milk, eggs or wool, or for meat.

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8
Q

What were common rights?

A

denotes the legal right of tenants to use common land, for example for keeping animals; the exact nature of these rights varied from place to place.

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9
Q

What was open-field husbandry?

A

the form of landholding which predominated in most of ‘lowland’ England. The manor was a specific landed estate whose tenants farmed strips of land found in open fields and who enjoyed common rights, particularly for keeping animals. This system came under increasing pressure by enclosure in some parts of the country as the sixteenth century unfolded.

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10
Q

What percentage of England’s exports was the cloth trade responsible for?

A

about 90%

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11
Q

due to the finished cloth now dominating the cloth trade what did this lead to?

A

the development of weaving, usually done as a domestic process, and fulling and dyeing, which were commercial enterprises.

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12
Q

Who were the merchants of the staple?

A

incorporated by royal charter in 1319, they controlled the export of wool; the staple was based at Calais (an English possession) from 1363, but the eventual decline in the wool trade reduced the company’s importance.

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13
Q

what is fulling?

A

a step in woollen cloth making which involves the cleansing of cloth (particularly wool) to eliminate oils, dirt and other impurities, making it thicker in the process.

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14
Q

What opportunities did the rise in the cloth trade result in for rural areas?

A

the increase in rural employment to supplement agrarian incomes.

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15
Q

What cloth towns were extremely prosperous?

A

Lavenham in Suffolk and Lewes in Sussex.

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16
Q

Why did some historic cities such as Winchester and Lincoln suffer significant decay due to the booming cloth industry?

A

the cloth industry tended to move from older corporate boroughs to newer manufacturing centres in smaller market towns and villages in East Anglia, the west riding of Yorkshire and parts of the West Country.

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17
Q

What reinforced London’s commercial dominance within the country and established a commercial axis with Antwerp?

A

an increasing proportion of the finished cloth was exported from London through the Merchant Adventurers.

18
Q

What was the Hanseatic league?

A

a group of free cities originating in the thirteenth century, which came together to form a commercial union with the intention of controlling trade in the Baltic Sea; the league dominated commercial activity in Northern Europe from the thirteenth to the fifteenth century.

19
Q

What were the Merchant Adventurers?

A

founded in 1407, they were a trading organisation which came increasingly to dominate London’s cloth trade with Antwerp.

20
Q

Why was The Merchant Adventurers positive relationship with the Crown immensely important?

A

On the one hand they could act as the voice of the industry when its commercial needs were subordinated to national policy; on the other hand, the king increasingly used their expertise in the negotiating of trade treaties such as the Intercursus Magnus and the Intercursus Malus.

21
Q

Why could the Merchant Adventurers not enjoy complete domination of trade?

A

they had been unable to overcome the trading privileges enjoyed by the Hanseatic league

22
Q

why may Henry VII have supported treaties that reasserted the trading privileges enjoyed by the Hanseatic league despite the fact that English merchants might lose out?

A

he needed to ensure that the Hanseatic league would offer no support to the Yorkist claimant to the throne, the Earl of Suffolk.

23
Q

what did Jack Lander say about the sacrifice of English trading interests to prevent the de la pole threat?

A

‘out of all proportion to the feeble threat’ posed by the de la Poles.

24
Q

what is metallurgy?

A

the scientific study of the extraction, refining, alloying and fabrication of metals, and of their structure and properties.

25
Q

what industry was England reliant on?

A

the cloth industry

26
Q

why was England reliant on the cloth industry?

A

the other industries were relatively small and unable to compete with their continental competitors.

27
Q

what countries were superior in mining and metallurgy?

A

Germany and Bohemia

28
Q

what countries were superior in shipbuilding?

A

spain, Portugal and the Netherlands

29
Q

what are sectional interests?

A

the interests of a particular group within a community or country

30
Q

what was the biggest issue for Henry concerning trade?

A

his embargo on trade with the Netherlands

31
Q

why did Henry impose the trade embargo?

A

as a result of fear and insecurity brought about by Margaret of Burgundy’s support for Perkin Warbeck.

32
Q

what did the intercursus Magnus do?

A
  • it set down that English merchants could export to any part of the Duke of Burgundy’s lands apart from Flanders
  • that merchants would be granted swift and fair justice
  • and that effective arrangements would be put in place for the resolution of disputes.
33
Q

why did Henry appear to panic in 1503?

A

reports that the earl of Suffolk was being taken seriously around burgundy, he attempted to reimpose the trade embargo.

34
Q

why is the minor importance of the trade treaties negotiated during Henry’s reign significant?

A

it shows he rated foreign policy and dynastic interests as being more important than the priorities of English merchants.

35
Q

how were weaknesses in trading policy shown?

A

an attempt to make a significant breakthrough in mediterranean trade proved a dismal failure, and the Hanseatic league was largely successful in limiting English trade in the Baltic.

36
Q

what were the purposes of the navigation acts of 1485 and 1489?

A

to encourage English shipping by trying to ensure that only English ships should carry certain products to and from English ports.

37
Q

what did cabot prove with his discovery of Newfoundland and fishing ground in 1497? (in the words of David Quinn)

A

a substantial land mass did exist within reasonable sailing from Europe’. and laid the way for the Bristol fishery.

38
Q

what happened to prices in the final years of the fifteenth century?

A

apart from a temporary rise in the 1580’s, prices seem to have remained steady.

39
Q

what happened to export price of wool and the price of grain and animal products in the final years of the fifteenth century?

A

there appears to have been a decline

40
Q

which professions were better off in the 1490’s than the rest of the Tudor period?

A

building workers and agricultural labourers.

41
Q

what does the decline in the export price for wool and grain and animal products imply?

A

A reduction in the profitability of farming but also rising real incomes for domestic consumers.