Economic developments in Elizabethan England Flashcards
What happened to the cloth trade with the Netherlands?
It remained important but began to decline, trade moved from Antwerp to Amsterdam
How did landowners fare in Elizabeth’s reign?
Landowners benefitted as their incomes rose and they acquired a range of material possessions, also church lands were sold for profit
How did farmers benefit in Elizabeth’s reign?
Farmers benefited from increasing agricultural prices, though this disadvantaged the average person
What evidence is there of urban decay?
The growth of London had a detrimental impact on other cities and some old established towns declined with the cloth industry
What is some evidence of urban prosperity?
London’s growth also benefited other cities like Newcastle upon Tyne and new urban settlements such as Manchester developed
What happened to real wages?
Real wages fell
How many poor harvests were there?
9 out of 44 harvests in Elizabeth’s reign could be described as poor
During which period were there 4 successive bad harvests?
Between 1594 and 1597
Which region suffered most from poor economic conditions?
The north, Newcastle reported burying 25 homeless people after dying of starvation
Where were the richest regions and where were the poorest?
The richest regions were in the South East, Norfolk and Suffolk. The poorest were in the north and west Midlands
When was there a subsistence crisis?
In 1596 to 1597 which threatened the social order
