Henry's Trade and Economy Flashcards
how many did the cloth trade employ?
35,000 (3% of working population)
how much did cloth make up of English exports?
80%
when was the great slump?
1440 - 1480
what was the economy like?
subsidence economy meant they only are what they needed
any surplus sold to neighbour towns
why was enclosures a big issue?
common land previously used fort animals was fenced off (could cause homelessness)
when and what was the Isle of Wight act?
- 1489
- stop enclosures on island to prevent drop in population and maintain security of the coast
when and what was the general act?
- 1489
- to prevent enclosures everywhere
- never enforced as local landlords benefitted too much from enclosures
how was the wool and cloth industry negatively effected?
war, bad harvest, plagues
what was the 1486 commercial treaty do?
improve trade with France
what was trade with Brittany improved with?
1492 Etaples
which treaty imposed trade with Spain?
1489 Mendina del Campo
what did the 1485 navigation act do?
all wine from Gascogne must be brought in England ships and crew
what did 1489 navigation act do?
English merchants shouldn’t import in foreign ships if English ones are available
how many ships were there in Edward and Henry’s reigns?
16 in Edward’s
7 in Henry’s (prioritised maintaining them)
what was Henry’s relationship with the Hanseatic League?
- retaliated to navigation acts as they lost trade
- tried to stop league with Denmark trade treaty in 1489
- Henry forced to restore all trade to league in 1504 due to Suffolk Yorkist threat