Economic Development

Question 1

Key words in economic of Lizzie

Answer 1

John Hawkins- naval commander, naval administrator, privateer and slave trader.
Virginia- the extension of trade to the mainland of North America and the attempt to form a colony in virginia.
Agricultural production- farmers were able to benefit from the rise in prices but no overall increase
Cloth making- cloth trade
Starvation- Poverty was mostly considered to be the individual’s fault in Elizabethan times. However, during Elizabeth’s reign the Poor Laws were introduced as measures to support the poor and unemployed, because of growing poverty and a fear of social unrest. They were the first form of welfare.
bad harvests- The harvests of 1594 and 1595 were bad, but 1596 was disastrous also deepens our understanding of how the regime functioned. more or less doubled between 1500 and 1650, the cost of grain - wheat, rye, barley, oats - increased sixfold.
Overseas markets- though attempts to establish new markets did take place in russiafor eg but remained economically marginal
Navigation acts- two acts passed to promote the use of English ships -1563
Turkish company - The Levant Company, or Company of Turkey Merchants as it was also known, received its first charter in 1582 from Queen Elizabeth.
South-east - wealthiest part of the country - most prosperous

Trade increased as patterns changed with a mixed success- more reactive than proactive as was not a preplanned policy