Henry Vii Flashcards
What percentage of the population worked in agriculture?
90% of the population lived and worked on the land
Where were the bulk of exports sent through?
Bulk of exports went via Antwerp and Bruges
Good relations needed to be maintained e.g Intercursus Magnus 1496 restored Anglo-Burgundian trade
How much did cloth exports increase by?
Estimated that there was a 60% increase in volume of cloth exports
What was the nature of trade?
Merchant adventurers dominated trade.
Trade was not a priority for Henry VII.
Henry was clearly interested in increasing customs revenue - through trading abroad - but he was also prepared to sacrifice revenue from trade to secure his dynasty e.g 1496 Trade Embargo with Burgundy
What other types of produce began to develop?
Tin was mined in Cornwall
Lead was mined in the upland areas such as the Pennines
What happened to prices of wool and grain?
They fell - the working classes were better off
What percentage of the population did the Nobility and Gentry make up?
Just 1%
How many nobles were there?
55
How many commoners were there in England and Wales?
There was just over 2 million commoners in England and Wales by 1500
50% of them lived below the poverty line
How did Londoners view northerners?
Londoners looked down on mother ers for perceived savagery. Northerners we’re envious of southern savagery
How did Henry approach overseas trade?
He encouraged it e.g he awarded patronage to John and Sebastian Cabot
They sailed to North America to explore new lands
They were tasked with finding a sea route to Asia in order to participate in the spice trade
Was there prosperity or depression?
The English economy grew due to the expansion of trade in the Mediterranean and Baltic, leading to increased wealth and prosperity
The economy was briefly disrupted over trade disputes e.g trade embargo with Burgundy
Overall, the economy remained based on agriculture and was largely stable
