Economy Extra - Henry Viii

Question 1

Trade - positive (2)

Answer 1

Export market grew = more cloth manufactured in 1547 than 1485
Small boom in 1540-47 from overproduction + debasement

Question 2

Trade - negative (3)

Answer 2

Only employed small percentage of population
Not a source of income for very wealthy or the crown
Concentration of trade from London to Antwerp = negative impacts on coastal ports = Bristol, hull, Boston

Question 3

Industry - positive (3)

Answer 3

Wool provided industry for a few in mainly Yorkshire, east anglia, and the West Country
Entrepreneurs made huge profits
Growth in mining industries = Cornish tin, lead mining in Pennines and coal mining in north east

Question 4

Industry - negative (2)

Answer 4

No major advances in the period 1485-1547
Process of making raw wool didn’t change until 18th century

Question 5

Agriculture - positive (3)

Answer 5

Very good harvest 1537-39
Profit from larger farming units: engrossing and enclosures
Agriculture prices rose = farmers incomes increased

Question 6

Agriculture - negative (2)

Answer 6

90% of people lived of land and were considered subsistent farmers
Bad harvest 1520-21 and 1527-29 = increased food prices

Question 7

Living standards - positive (2)

Answer 7

Rich became richer and some made money form trade
Growing class of substantial farmers who were able or fortunate enough to respond effectively to changing market conditions and who enjoyed much better material condition as a result

Question 8

Living standards - negative (6)

Answer 8

Living standards fell = rich richer and poor poorer
Death rate higher in towns = more disease = size of population + poor sanitation
Bad harvest 1520-21 +1527-29 = increase food prices
Real wages declined + growing unemployment
People made homeless from engrossing
Urban poverty = in Coventry over half the population were recorded as having no personal wealth