Henry VII economic Developments

Question 1

Economic developments

Answer 1

• largely agricultural, nearly 90% of population lived and worked on the land
• growth of pastoral farming
• cloth, coal and iron
• enclosure

Question 2

Trade

Answer 2

• strengthen Tudor grip on throne
• navigation acts (1485-86) were passed in an attempt to promote and protect English trade and thereby break the monopoly enjoyed by the hanseatic league
• Henry supported the merchant adventurers (english cloth)
• 1490 treaty with Florence enables english merchants to trade in the mediterranean
• wealth from trade=secure dynasty

Question 3

Exploration

Answer 3

• keen to follow spain by encouraging overseas exploration
• John and Sebastian Cabot who sailed to North America to explore nee lands for England
• little was achieved as henry was more interested in europe than further

Question 4

Prosperity

Answer 4

• development of industry and expansion of trade in the Mediterranean and Baltic contributed to growth in Englands economy=increase in wealth and prosperity
• intercursus magnus 1496

Question 5

Depression

Answer 5

• 1493 trade embargo against the Netherlands because of support for Warbeck=depression in cloth industry
• Intercursus Malus 1507

Question 6

Economic policy

Answer 6

• Henry inherited a bankrupt throne and as a result he was interested in issues that affected his personal wealth

Question 7

Commercial enterprise

Answer 7

• between 1485 and 1486 implemented the navigation act which forbid English merchants from loading their goods onto foreign ships if english ships were available