Economic Change And It’s Social Impact Flashcards
1
Q
Increase in population
A
Continued pressure on demand due to increased population
Key factor in increasing inflation
2
Q
Debasement of coinage
A
Inflationary impact - Medium term factor
3
Q
Inflation impacts
A
Increased population
Debasement of coinage
4
Q
Harvest failures
A
1555-56
Brought severe food shortages and severe strain on real wages for the poor
5
Q
Disease/illness
A
‘Sweating sickness’ - form of influenza swept through country 1557 and 1558
Death toll worst of century, worst since Black Death
6
Q
Long term
A
Population growth
7
Q
Medium term
A
Debasement of coinage
8
Q
Short term
A
Harvest failures
Disease/illness
Tax
9
Q
How did gov make attempts to solve/address issues?
A
- 1556-58 re-coinage plans were drawn up
- 1555 poor law act
- encouragement given to conversion of pasture land to crop farming
- movement of industries from town to countryside discouraged in attempt to reduce urban unemployment
NOT ALL MEASURES WERE A SUCCESS, ANY BENEFITS WERE NOT REALISED UNTIL ELIZ REIGN
