Economic development, trade, exploration, prosperity and depression Flashcards

1
Q

How big was the population?

A

2.2 million

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2
Q

What did most of England’s population make a living out of?

A

Agriculture

Only 10% lived in towns or cities

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3
Q

How many towns had more than 3000 people?

How many people did London have?

A

While London contained more than 50,000, only 20 towns contained 3000 or more people (including Bristol and York)

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4
Q

Why was there a move towards sheep farming in agriculture?

A

Population began to increase In the 1480’s and 1490’s(income from land was in recovery after black-death)

There was an increase in demand for wool as trade developed.

There was a move towards sheep farming at the expense of arable (cereal crops)

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5
Q

Where was the development most acute?

A

In the ‘low-land zone’ to the south and east of the imaginary line

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6
Q

What had peasant farmers traditionally practiced?

A

Open-field husbandry - shared land.

The growth of sheep farming could mean the loss of common land and changes to the strip system (enclosure - common in the 16th century).

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7
Q

Was there much agricultural change?

A

Very little agricultural change in late 15th and early 16th century

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8
Q

At the end of the 15th century what did cloth amount for?

A

90% of English exports - estimated there was a 60% increase in the volume of clothe exports under Henry

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9
Q

How were farm labourers able to supplement their income?

A

By spinning, weaving, fulling and dyeing

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10
Q

Where was the finished cloth increasingly exported from and to?

A

From London (through the merchant adventurers) to the commercial centre of Antwerp from where it was sent all over Europe

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11
Q

What did other industries include?

A
Mining (tin, lead, coal and iron) - required capital investment but fairly small scale
Metal working
Leather work
Ship building
Papermaking
Brewing
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12
Q

Why was Henry keen to develop English trade?

A

In order to boost wealth through custom duties and taxes as well as to enhance his own position by securing positive relationships with foreign powers

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13
Q

What were the Navigation Acts of 1485 and 1489?

A

Ruled that only English ships could carry certain products to and from English ports - designed to boost the English shipbuilding industry and challenge the Hanseatic league which dominated trade in the Baltic
Limited in success as foreign vessels continued to transport a substantial proportion of English exports

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14
Q

Who did Henry support to boost trade?

A

Merchant adventurers - an English company who controlled cloth trade

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15
Q

When was the intercursus magnus?

A

Signed 1496

confirmed 1499

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16
Q

What was the Intercursus magnus?

A

Between Henry and Philip IV - ended Henry’s 1493 embargo on trade with the Netherlands

17
Q

What did the Intercursus Magnus state?

A

English merchants could export to any part of Burgundy except the Flanders

18
Q

How successful were Henry’s attempts to stimulate trade?

Who effected this?

A

No major breakthrough in Mediterranean trade.

Hanseatic league was largely successful in limiting the development of English trading interests in the Baltic

19
Q

Who were English sailors much slower than to make new discoveries?

A

15th century Spanish or Portuguese seamen

20
Q

What happened with exploration in 1497?

A

John Cabot with authorisation from Henry to find unknown parts of the world.

He found what became known as Newfoundland.

He reported the existence of extensive fishing grounds.

21
Q

Who was William Weston and what did he do?

A

A Bristol merchant - led an expedition to the new world and may have landed there in 1499 or 1500

22
Q

Who else received sponsorship from Henry?

What did he unsuccessfully lead?

A

John Cabot’s son - Sebastian who then led an unsuccessful attempt to find the ‘north-west passage’ to Asia in 1508

23
Q

What happened to exploration in Henry VIII’s reign?

A

He had little interest in supporting exploration so the new fishing grounds were left to the seamen from Spain and Portugal

24
Q

On the whole what was the late 15th century in terms of stability?

A

A time of relative economic stability (temporary rise in 1480’s)with signs of growing prosperity.

25
Q

How was there stability and prosperity?

A

Population was growing.

Trade was expanding.

Cloth trade stimulated the economy.

Prices and wages seemed to have remained steady.

Building workers and agricultural workers were on the whole better off in 1490’s than they would have been at any other time during Tudor period.

26
Q

When did depressions often happen?

Where were the depressions common?

What products did export prices declined for? + what did this lead to?

A

Depressions did occur whenever events disrupted normal economic developments e.g. a bad harvest or an embargo abroad.

Depressions usually quite localised but between 1493 and 1496 the depression in the cloth industry had quite a wide effect.

Appears to have been a decline in the export price of wool and in the price of grain and animal products in 1490’s (reduction in farming profitability but also rising real income for domestic consumers).

27
Q

What was the Hanseatic league?
What was there aim?
Where did they dominate activity?
Who did this effect in England and how?

A

A group of free cities formed a commercial union with the intention of controlling the Baltic sea - dominated activity in northern Europe.

Prevented Merchant Adventurers completely dominating trade as they were unable to overcome the trading privileges enjoyed by the league

28
Q

What happened in 1504 with the Hanseatic league?

A

An act was passed in Parliament in 1504, returning the favourable trade conditions given to the Hanse under Edward IV. He did this because he was trying to gain custody of Edmund de la Pole who was a fugitive in Germany

29
Q

What did England remain dependent on in terms of trade and why?

A

The cloth industry as other industries remained small and failed to compete effectively with their continental competitors e.g. Germany were superior in mining and the Spanish, Portuguese and Dutch were superior in ship-building

30
Q

What was mined where in England?

Where was coal shipped from and to?

What enabled greater production in in Durham, in 1486? (1480’s had some growth)

A

Tin was mined in Cornwall.

Lead mined in upland areas like the high Pennines.

Coal mined in Durham and Northumberland

Much coal shipped from Newcastle to London to meet demand - also small export to Germany and the Netherlands.

Development of basic pumping technology, first recorded in county Durham in 1486 enabled greater production

31
Q

What was the biggest problem for trade that Henry was forced to implement?

How were traders forced to combat this?

A

Embargo on trade with Burgundy which he imposed in 1493, as a result of the fear and insecurity brought about by Margaret of Burgundy’s support of Perkin Warbeck .

Instead of trading directly with Burgundy, merchants were required to direct their trade through Calais - this was retaliated by the Netherlands

32
Q

What/When was the intercursus malus and why was it never fully implemented?

A

1506
Allowed English cloth to be exported without duty, seen too generous for England and
reverted in 1507

33
Q

What was the Treaty of Etaples?

A

Trading restriction which had existed since Edward IV’s reign, were removed in 1486. They were reimposed the following year as a result of Henry’s support of Brittainy but removed again by the treaty of Etaples in 1492
While not primarily a trade treaty it did encourage Anglo-French commercial relations.
The French payed £159,000 and £5,000 per annum.
Most of the remaining trade restriction were removed in 1497

34
Q

What did Henry’s trading policies/attitudes show?

A

He rated foreign policy and dynastic priorities than the interests of English merchants / trade
While interested in maximising customs revenue, he was prepared to sacrifice revenue and trade in order to secure the dynasty so was also happy for parliament to legislate in favour of sectional interests (interests of a particular group within a country)

35
Q

What was the most common type of farming in different areas?

A

Lowland - mixed farming (growing crops and raising animals as livestock) but pastoral farming (rearing of animals) predominated in woodland areas
Open field husbandry concentrated mainly in grain growing areas of the southeast and the east Midlands