Henry 7 Economic Development

Question 1

What type of economy did england have?

Answer 1

• Agrarian Economy

Question 2

What type of Farming did England have?

Answer 2

• Mixed Farming was the most common factor of farming which included the growing of crops as well as the raising of animals as lifestock
• Pastoral farming which is the rearing of animal for by products e.g wool
• Increased demand for wool as the population grew
• Common Land
  analysis no major changes to farming

Question 3

Trade and Industry of England during henry 7?

Answer 3

• The cloth trade was 90% of the value of british exports
• It is estimated that there was a 60% increase in the value of exports under henry 7th
• This led to demand for finish cloth which dominated the trade industry, and this led to expandison of trading activities into rural atras which supplemented agrarian incomes
• Increased amount of trade was exported through london to anthwerp, which highlighted londons dominance in the trade industry
• Merchent adventurers weren’t able to dominate the market due to them not enjoying the same indsutry priveleges as the hanseatic league
• This was since henry renewed terms of the hanseatic league in 1504 fearing they might support rebels
• this is since henry always feared they might support a yorkist claimant

Question 4

Trade Laws and Treaties?

Answer 4

Treaty of Medina Del Campo (1489)
Treaty of Etaples 1492 not trade but 5k per annum
Magnus Intercursus (1496)
Malus Intercursus (1506)- not ratified not enforced