economy: trade and exploration ect. Flashcards
by how much did elizabth increase custom duties by?
from 6000 to 8500
how much did elizabeth get from selling crown lands
made 800,000 from selling crown lands
by how much did elizabeth increase her revenue by?
50%
what positives came out of the 1561 reiconage
gave people more faith in the currecny and econraged them to spend more
what negatives were there to 1561 reicoinage
increased real wages meaning many people became unemployed due to employers not being able to afford to pay them
didnt bridge the gap ebtween prices and wages with prices continuting to tuse sometimes by 400%
why did armada made royal finances fail
led to the 1590s economic depression due to her spending 2x her annaul revenue on the war with spain
why was elizabeths royal finances not remarkable
she had a lack of innovation she didnt change how the economics of the corwn were ran and she only managed to balence the budget not incease it
what issue was caused in royal finances by trying to appease nobelms
cecil was lord treasurer and got away with his own and others tax ivasion
hew only paid 130 pounds each year
what was the muscov company and why was it beneicial to english economy
the muscov company was a deal of trade between england and russia which helped to break the haseatic league’s monoploy over the baltics
jenkins in 1560 discovered the northwest passage and discovered a new trading partner in persia
nombre de dios
in 1572 drake captures the port od nobre de dios and captured spanish silver
when did drake capture the cacafuego
1577 during circumnavigation and increased profit by 4,000%
when was the east india company founded and what was it
founded in 1600s
a trading partnership with indiai that would eventually lead india to be colonised into the british empire
when did john hawkins try to break the monoploy that spain and portual had over the seas?
1562 when he travelled to africa and brough home coloured cloth to sell as well as slaves bringing profit of sugar and money
1567 hawkins mission
in 1567 elizabeth made hawkins repeat his trip to africa to get more money and exploration after philip had warner her over privary
elizabeth gave him a ship ‘jesus of lubeck’ in which he was caught by the spanish in the viceroy of mexico
