Economic And Social Causes Of Rebellion - Inflation

Question 1

Why at the begging of the period, around 1485, were wages in agriculture high and land rents low?

Answer 1

Because the country’s population stood at 2 million and was recovering from the plague with a shortage of labour

Question 2

Who were those who gained from the growth to nearly 4 million by the end of the 16th century growing inflation?

Answer 2

Landlords who bought vacant farms at low prices or who invested in trade or modernised their estates, freeholders who passed any increase om prices to their tenants, clothiers who took advantage of the growth in the pollen cloth market and expanded their business, speculators who invested in property, soared grain supplies and profited from changing economic conditions

Question 3

Who were those who lost from the growth to nearly 4 million by the end of the 16th century growing inflation?

Answer 3

Wage earners, day labourers, journeymen and tenants at will who could be evicted without notice

Question 4

Which leaders of rebellions referred to the impact that inflation was having on the price of land?

Answer 4

Aske and Kett

Question 5

On average what percentage of monadic wealth went towards the poor?

Answer 5

3%