EE 10.4 - QE and trade Flashcards
Chapter 10.4 - Elizabeth and trade
trade
Where did merchants hope to open up trading ventures:
Where was the export trade in cloth in 1558 largely confined to?
Antwerp
Who controlled American trade?
Spain
Who controlled the Near and Far East trade?
The Portuguese and Venetians
When was the Muscovy Company set up and what was it given?
In 1555 - given a monopoly of trade between London and Moscow
What did the Muscovy Company sell to Russia and what did it bring back?
Sold woollen goods and brought back furs
Where did England want to buy silk and spices?
Down the River Volga to Persia
How many slaves did John Hawkins acquire in 1562?
300
Where did English merchants begin directly trading in the 1570s?
The Mediterranean
What company was set up in the 1580s to trade with the Turkish empire?
The Levant Company
When did QE grant traders a monopoly on whaling around Spitzbergen (coast of Norway)?
1577
Why were the whalers not successful?
The whalers in the area were much more experienced
What company was formed in 1579 to try to break in to the Baltic trade?
The Eastland Company
What city benefited from the activities of the Eastland Company?
Hull
What English city dominated overseas trade?
London
What company was formed in 1600?
The East India Company
What problems did the ventures face?:
What was European trade badly affected by?
Events in the Netherlands
Why was English trade with Persia not successful?
The Shah did not want to do business with non-Muslims
When was the Persian route abandoned?
1573
What vessel owned by the Queen was lost?
The ‘Jesus of Lubeck’
Why was trade with Russia through the Muscovy Company not very successful?
Ivan IV taxed them heavily
How much did Sir Francis Drake rob from Spanish cargo ships in 1587?
£140,000
What was the main English export?
Wool
