H7 Economy Flashcards
what was the population of England
2.2 million
What % of the population lived in urban areas
10%
Why was there a move towards sheep farming in the 1480s and 90s
lower profitability of crop farming and more profitability of wool from increased demand from the growing population and overseas trade
How much of the value of English exports came form cloth
90%
How much did cloth export volume increase in Henry’s reign
60%
How did the cloth trade change
Initially was raw wool
became more finished cloth after the development of weaving
How did the cloth trade provide opportunities for employment
weaving, dyeing and fulling offered opportunities for rural employment to supplement agrarian income
What did the Merchant adventurers do
Export cloth from London to Antwerp
why was England dependent on cloth for trading
Could not compete with continental competitors e.g. Germany and mining, Spanish and shipbuilding
When were the navigation acts
1485 and 1489
What did the navigation acts do
tried to encourage English shipping by ensuring only English ships could carry certain products to and from English ports
But did not work
What did John Cabot find
Newfoundland
When did John Cabot sail
1497
