Elizabethan Economy and Finance Flashcards

1
Q

What was the biggest development in internal trade during Eliz’s reign?

A

Trade in coal from the Tyne to the Thames

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Which English sailor founded the slave trade?

A

John Hawkins

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Between what years of Eliz’s reign were there bad harvests?

A

1594-97

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

How many harvests in Eliz’s reign were ‘poor’?

A

9 out of 44

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What was England’s financial position by 1585?

A

£300,000 debt from Mary paid off, £300,000 reserve built up

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What was a by-product of English exploration under Eliz?

A

Antagonising the Spanish

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

How much debt did Elizabeth leave at the end of her reign?

A

£350,000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

By what percentage did the price of food inflate under Eliz?

A

75%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Which trading companies were set up and where did they trade?

A

Muscovy - Russia
Eastland - Baltic
Levant - Ottoman Empire
East India Company - Asia; India

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

How did farmers benefit under Eliz?

A

A rise in agricultural prices and living standards, especially in the South-East

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What did the Act for Maintaining Tillage do?

A

1563, prevented land from being converted to pasture if used as tillage for 4+ years.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Where were the poorest counties in England under Eliz?

A

The North and the West Midlands

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What were the main changes in English trading patterns under Eliz?

A

Main market for English wool moved from Antwerp to Amsterdam

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

How much income was generated from selling crown lands under Eliz?

A

£600,000

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What were monopoly rights?

A

When the crown granted someone exclusive rights over the sale/trade of a product

How well did you know this?
1
Not at all
2
3
4
5
Perfectly