Economic development

Question 1

What happened to the volume of English trade during the first half of the sixteenth century?

Answer 1

The volume of English trade increased.

Question 2

In what exports were there significant increases in?

Answer 2

There were significant increases in the exports of hide and tin.

Question 3

Why did not all of the profits from cloth trade go to England?

Answer 3

70% of cloth exports were transported by English merchants in the 1550s but much of the trade was in foreign hands before this.

Question 4

Describe exploration under Henry VIII

Answer 4

Henry VIII was uninterested in exploration and made no efforts to build on achievements of Cabot and other Bristol merchants of the time.

Many merchants were unable to win Henry’s support, although Robert Thorne continued his involvement in Iceland and Newfoundland fishery.

Question 5

What happened to agricultural prices from the 1520s?

Answer 5

From the 1520s, agricultural prices rose significantly. Therefore there was an increase in farming incomes, enhanced in some cases by the process of engrossing.

Question 6

What happened to the population.

Answer 6

The population grew significantly from 1525.