Economic development Flashcards

1
Q

How many people lived in England?

A

2.2 million

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2
Q

What % were urban dwellers?

A

10%

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3
Q

What was hte population of London?

A

50,000+

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4
Q

What were the main industries of urban areas?

A

Wool and cloth, although tin, lead and coal mining and shipbuilding were big as well.

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5
Q

What was Henry’s economic policy?

A

He didn’t really have one - his policies were the result of lobbying from merchants.

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6
Q

Why did land income decline?

A

The black death had led to a drop in population so a drop in value.

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7
Q

When did. England move towards sheep farming?

A

1480s/90s

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8
Q

What does the move towards sheep farming reflect?

A

low profitability of cop but also increased profitability of wool.

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9
Q

Why did wool become more profitable?

A

Population growth and growth of overseas trade

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10
Q

Where was mixed farming most common?

A

The lowlands

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11
Q

What farming was found in the southeast and eats midlands

A

open field husbandry

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12
Q

What was enclosure?

A

The putting up of a fence around a field so that one crop could be produced on a larger scale or it could be used for livestock.

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13
Q

Why was enclosure opposed?

A

It was opposed by villagers who. claimed customary rights to the land.

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14
Q

How did Henry try to deal with enclosure?

A

IN 1489 he passed an anti-enclosure law but it had little practical effect.

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15
Q

Where did Henry stand on the trade industry?

A

He recognised its importance to the health of the economy, and a healthy economy would tighten his security.

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16
Q

WHat acts were passed in regards to navigation

A

The Navigation Acts, which promoted English trade nad broke the monopoly enjoyed by the hanseatic league

17
Q

When were the navigation acts?

A

1485-86

18
Q

What trading company did Henry support?

A

The Merchant Adventurers, a trading company which controlled the sale of English cloth

19
Q

How did Henry encourage trade with other countries?

A

He inserted clauses into every treaty.

20
Q

What % of export value was cloth responsible for?

A

90%

21
Q

How much did cloth export increase under Henry VII?

A

60%

22
Q

How did cloth develop under Henry VII?

A

Shifted from raw wool to finished cloth, which led to the development of weaving, fulling and dyeing industries.

23
Q

What was the result of the new jobs in the cloth industry?

A

Rural employment was opened up to supplement agrarian incomes for peasants, and some cloth towns were extremely prosperous

24
Q

What is an example of a prosperous cloth town?

A

Lavenham in Suffolk

25
Q

What industry was Germany superior in?

A

Mining

26
Q

What area were Spain and the Netherlands superior in?

A

Shipbuilding

27
Q

Where was revenue in Henry’s list of priorities?

A

He was prepared to sacrifice it to secure the dynasty

28
Q

What were the consequences of the trade embargo in 1493?

A

Merchants had to direct their trade through Calais.

29
Q

How did trade with France go?

A

Henry removed trade restrictions in 1486 but they were reinstated the following year.

30
Q

What was the eventual spur for transatlantic exploration?

A

Barstool merchants were interested in looking for alternative fishing grounds

31
Q

Why were the fish merchants looking for new fishing ground?

A

They had been excluded from Iceland by the Hanseatic League

32
Q

Who did Henry licence to open up exploration?

A

John Cabot

33
Q

When did John Cabot set sail?

A

1497

34
Q

How did John Cabot’s voyages go?

A

He discovered Newfoundland and new fishing grounds
He returned, however his second voyage led to his death.

35
Q

What other travel did Henry license?

A

Sebastian Cabot to travel to Asia in 1508.