economic development Flashcards
What happened to the volume of English trade during the first half of the sixteenth century?
Despite there being occasional downturns, it had overall increased during this time.
What was there a continuous rise in?
Cloth exports, but the market for raw wool had declined.
What happened to woollen cloth exports during Henry’s reign?
They had almost doubled.
What had been increasingly imported into England and what does it suggest?
Wine, which suggests that the spending power of the more prosperous classes had increased.
What was the leading route for exports?
From London to Antwerp, where it was frequently sent to customers in Central Europe and the Baltic.
What impact did the increase in exported cloth being routed through London have on other ports?
Provincial traders in places like Hull and Boston, and especially Bristol, were finding it difficult to compete with those in London.
Where did Southampton enjoy trading with?
Venice for a short while but this was quickly over by the middle of the sixteenth century.
What was the biggest change in the cloth industry?
The increase in cheaper fabrics such as kersey.
How much of cloth exports were transported by English merchants from the 1550s?
70%.
What did the cloth trade rely on to supply its markets?
The effectiveness of the woollen industry.
What basis did the woollen industry largely operate on?
A domestic one, with children carding the wool, women spinning and men weaving it.
Where was wool passed from the domestic sphere?
It was passed for more specialist treatment such as fulling and dyeing, which existed as small-scale industries throughout the country.
What parts of England saw the greatest growth in the cloth industry?
- West Riding of Yorkshire
- East Anglia
- Parts of the West Country
What was Henry’s attitude towards exploration?
He was very uninterested and made no attempts to build on the early achievements of John Cabot and the Bristol merchants at the end of the 15th century.
Where did Sebastian Cabot remain for most of Henry’s reign?
In Spain, and it was only after Edward VI took the throne that he returned to England.