Economy under Henry VIII

Question 1

EARLY: how did engrossing affect the economy under Henry VIII?

Answer 1

Engrossing ( rights to common land ) ( taking multiple farms, instead of 3 separate fields u make them 1 big field to increase efficiency ) led to homelessness among rural, lower class populations.

Question 2

EARLY: what was another reason for engrossing being bad for the poor?

Answer 2

Another reason why it is bad for the poor is the right to land ( common land -> private land ) . Now however that land is private. Tenant housing too, evictions as some houses were on private land. Now no monasteries ( where poor people offered support ).

Question 3

EARLY: food prices?

Answer 3

Price of food is increased because less wheat is farmed compared to sheep. Rent increased. Less wool interest - declining industry - Capitalist economy.

Question 4

1520s: some statistics on economy are?

Answer 4

• Increase in Woollen cloth exports by nearly 2x throughout h8 reign
• Exports of hides & tin ( Cornish tin became a prized export )
• Increase in import of wine - suggests increase in wealth amongst certain groups
• Increase in the cheaper fabrics such as Kersey
• London to Antwerp dominated exports
• Markets for raw wool declined, so ports such as bristol, Hull and
  Boston declined. Provincial traders found it difficult to compete with
  London.

Question 5

1520s: some more statistics on economy are?

Answer 5

5000 migrants a year moved to London to find work.
Lead mining in Pennines and north east
iron ore in Sussex and Kent
Tin in Cornwall.
Inflation was an ever increasing problem throughout the Tudor period with a rise in food prices and fall in labour wages (real wages).

Question 6

At the end of Henry’s reign?

Answer 6

Debased coinage in 1544 to fund war with Scotland : Short-term, artificial boom from 1544-46, long term created long-term cost to living standards. £300,000 raised.