Economy Flashcards
What years were the Intercursus Magnus and the Intercursus Malus signed?
1496 + 1506
Henry failed to break the dominance over trade in the Baltic which was held by which group?
The Hanseatic League
Which explorers did Henry provide financial support
John + Sebastian Cabot
What percentage of export revenue did clothe make up under Henry
90%
What was the most significant English export and where was most trade established?
Cloth through Antwerp
What were enclosures
Public land which was closed off from public access, normally to support sheep grazing
What was open field husbandry?
Where tenant farmers tended strips of land in open fields with common rights
When was the first blast furnace established in England?
1496
What was the name of the trading company that dominated London’s cloth trade?
The merchant adventurers
In what year did Henry VIIs parliament pass legislation against enclosure?
1489
What happened to most of the coal mined in Newcastle?
It was shipped to London for domestic and industrial fuel
The trade of which product increased by 60% during Henry VII’s reign?
Cloth
The export price of which products reduced in the 1490s? (2)
Wool and grain
When was the first blast furnace established in England?
1497
What did the Navigation Acts do, and when were they? (3)
They stipulated that goods from the mother country should can only be carried in ships from that country - 1485, 1489, 1494
