Henry VII Economy

Question 1

What percentage of export revenue did cloth make up under Henry VII?

Answer 1

90%

Question 2

In what year did Henry VIIs parliament pass legislation against enclosure?

Answer 2

1489

Question 3

What happened to most coal from Newcastle?

Answer 3

It was shipped to London for domestic and industrial fuel

Question 4

Henry failed to break the influence of which trading group?

Answer 4

The Hanseatic League in the Balkans

Question 5

What was the most significant English export under H7, and through where?

Answer 5

Cloth through Antwerp

Question 6

When was the first blast furnace established in England?

Answer 6

1496

Question 7

The trade of which product increased by 60% during H7s reign?

Answer 7

Cloth

Question 8

The export price of which products reduced in the 1490s?

Answer 8

Wool and grain

Question 9

Which explorers did H7 provide financial support to?

Answer 9

John and Sebastian Cabot

Question 10

What were enclosures?

Answer 10

Public land which was closed off from public access, normally for sheep grazing

Question 11

What was the name of the trading company that dominated London’s cloth trade?

Answer 11

The Merchant Adventurers

Question 12

What did the Navigation Acts do, and when were they?

Answer 12

Stipulated that good from England could only be carried in English ships, 1485, 1489, 1494

Question 13

How much were bonds worth by 1505?

Answer 13

£35,000 a year

Question 14

How much did Lord Borgavenny pay H7 in 1504?

Answer 14

£70,650 for illegally retaining (1504)