Henry VII - Economic development: Trade, exploration, prosperity and depression

Question 1

What percentage of England’s population lived and worked on the land

Answer 1

90%

Question 2

What was the main source of agricultural industry

Answer 2

Arable farming which was then challenged by pastoral farming

Question 3

What were the most significant economic developments

Answer 3

The growth of industry and the expansion of trade

Question 4

What were the three most important industries in England

Answer 4

1. Cloth
2. Coal
3. Iron

Question 5

What was the biggest industry

Answer 5

Cloth

Question 6

What shows the significance of the cloth industry

Answer 6

It being used as an economic weapon by Henry VII to discourage Warbecks support by the Duke of Burgundy

Question 7

How did Henry expand trade

Answer 7

Navigation acts 1485 and 1486 which broke the monopoly enjoyed by the Hanseatic league.

Question 8

What did Henry support

Answer 8

The Merchant Adventures, a trading company which controlled the export and sale of English cloth