Economy VII Flashcards
What years were the Intercursus Magnus and the Intercursus Malus signed?
1496; 1506
What percentage of export revenue did cloth make up under Henry VII?
90%
What was open field husbandry?
Where tenant farmers tended strips of land in open fields with common rights
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
Henry failed to break the dominance over trade in the Baltic which was held by which group?
The Hanseatic league
What was the most significant English export and where was most trade established?
Cloth through Antwerp
When was the first blast furnace established in England?
1496
The trade of which product increased by 60% during Henry VII’s reign?
Cloth
The export price of which products reduced in the 1490s?
Wool and grain
To which explorers did Henry VII provide financial support?
John and Sebastian Cabot
What were enclosures?
Public land which was closed off from public access, normally to support sheep grazing
What was the name of the trading company that dominated London’s cloth trade?
The Merchant Adventurers
When was the first blast furnace established in England?
1497
What did the Navigation Acts do, and when were they?
They stipulated that goods from the mother country should can only be carried in ships from that country 1485, 1489, 1494