Economy Flashcards
1
Q
When did Wolsey pass an enclosures act + when did he establish inquiry into enclosures
A
Act = 1515
Inquiry = 1517
2
Q
Success of enclosures act (3)
A
264 cases
222 went to court
188 prosecutions
3
Q
Problems with enclosures inquiries
A
Henry was too concerned with annoying landowners
4
Q
Success rate of enclosures act
A
71%
5
Q
When + who - trade embargo
A
Against Spain in 1527
6
Q
What did the trade embargo affect + what did it lead to (3)
A
English cloth trade
Coincided with a bad harvest in 1527
Led to widespread unemployment + a rise in prices
7
Q
When was the debasement of coinage
A
1526
8
Q
What did the debasement of coinage do - positive
A
Stimulated exports
9
Q
Debasement - negative
A
Contributed to rise in prices = inflation
