Elizabeth 1- Patterns of Trade Flashcards
1
Q
How valuable was internal trade?
A
The value of internal trade considerably exceeded that of foreign trade
2
Q
What was the biggest development in internal trade?
A
The growth in shipping the coal from the Tyne to the Thames and meeting the growing demand of the London market
3
Q
What was imported more during elizabeth’s reign?
A
There was a wider range of foreign luxury goods which started to be imported
4
Q
Why did Sir William Cecil start shifting trade patterns?
A
He didn’t want England to be dependant on one single industry with the Antwerp and Netherlands cloth industries declining
5
Q
How were new overseas trading markets financially?
A
.Markets such as those in Russia were economically marginal
