Growth Of London Flashcards
1
Q
what was Londons population?
A
by mid 17th century: 400,000
by 1700: 575,000
- largest city in western Europe by mid 17th century
2
Q
what did the growth in population cause?
A
- growth of economy and success of the fledging empire - led to pressure on resources and price rises
3
Q
why was London ideally placed to power the economy?
A
- it was at the heart of the road and shipping network
- could support the increasing demand for goods
- home to the new investment banking industry
4
Q
why did Londons economy grow?
A
- banking and insurance
- centre of legal system
- transport had been improving
- demographic growth in London surpassed other towns
- skilled and educated workers were more likely to move to London; offered more and better jobs
- number of markets made it the focal point for economic activity
5
Q
who moved to London?
A
-migration: both poor workers and gentry and their families, huguenots
6
Q
what did the gentry get by moving to London?
A
- if they wanted to Gian favour at the royal court they moved
- if they did not succeed in politics, they were able to forge a career in the higher echelons(rank) of the military, as it was based in London, especially the admiralty
- training in law
- many companies that did trade and exploration were based in London
7
Q
what companies were based in London?
A
- EIT, established 1600
- Levant company, 1581
- Muscovy company, 1555
8
Q
urbanisation.
A
increase in the proportion of people living in urban areas compared to rural areas
- people moved from the countryside to towns and cities