Economy VII Flashcards

1
Q

What years were the Intercursus Magnus and the Intercursus Malus signed?

A

1496; 1506

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2
Q

What percentage of export revenue did cloth make up under Henry VII?

A

90%

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3
Q

What was open field husbandry?

A

Where tenant farmers tended strips of land in open fields with common rights

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4
Q

In what year did Henry VIIs parliament pass legislation against enclosure?

A

1489

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5
Q

What happened to most of the coal mined in Newcastle?

A

It was shipped to London for domestic and industrial fuel

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6
Q

Henry failed to break the dominance over trade in the Baltic which was held by which group?

A

The Hanseatic league

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7
Q

What was the most significant English export and where was most trade established?

A

Cloth through Antwerp

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8
Q

When was the first blast furnace established in England?

A

1496

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9
Q

The trade of which product increased by 60% during Henry VII’s reign?

A

Cloth

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10
Q

The export price of which products reduced in the 1490s?

A

Wool and grain

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11
Q

To which explorers did Henry VII provide financial support?

A

John and Sebastian Cabot

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12
Q

What were enclosures?

A

Public land which was closed off from public access, normally to support sheep grazing

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13
Q

What was the name of the trading company that dominated London’s cloth trade?

A

The Merchant Adventurers

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14
Q

When was the first blast furnace established in England?

A

1497

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15
Q

What did the Navigation Acts do, and when were they?

A

They stipulated that goods from the mother country should can only be carried in ships from that country 1485, 1489, 1494

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