Economic Development Under Henry VIII

Question 1

What was the leading route for exports during Henry’s reign?

Answer 1

From London to Antwerp, from where it was frequently sent to customers in Central Europe and the Baltic.

Question 2

Who transported 70% of Cloth exports from England?

Answer 2

Merchants

Question 3

The ability of the cloth trade to supply its markets depended on the effectiveness of which industry?

Answer 3

The Woollen Industry

Question 4

What remained the prize export during Henry’s reign?

Answer 4

Cornish tin

Question 5

What was Henry’s attitude to exploration?

Answer 5

He wasn’t interested and made no attempts to build on the achievements of Cabot and the Bristol merchants at the end of the fifteenth century.

Question 6

What evidence is there to support the idea that during Henry’s reign England was ‘economically healthier, more expansive and more optimistic’ than it ever had been?

Answer 6

• The population grew significantly from around 1525, with a decline in the rate of morality.
• From the 1520s, agricultural prices rose significantly, increasing farm incomes.
• Debasement of the coinage created a short-term artificial boom in 1544 to 1546.

Question 7

What evidence is there to question the view that during Henry’s reign England was ‘economically healthier, more optimistic and more expansive,’ than it had ever been before?

Answer 7

• Bad harvests led to temporary increases in food prices.
• Food prices almost doubled in Henry’s reign (caused problems especially for urban workers).
• Real wages began to decline for many during Henry’s reign.
• Assessment for subsidies indicated considerable urban poverty.
• Growing unemployment during Henry’s reign.
• There were over 5000 migrants a year adding to the population of London.
• People were made homeless on the account of engrossing.