Henry VII : Economy

Question 1

What years were the Intercursus Magnus and the Intercursus Malus signed?

Answer 1

1496
1506

Question 2

Henry failed to break the dominance over trade in the Baltic which was held by which group?

Answer 2

The Hanseatic League

Question 3

To which explorers did Henry VII provide financial support?

Answer 3

John and Sebastian Cabot

Question 4

What were enclosures?

Answer 4

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

Question 5

What was the most significant English export and where was most trade established?

Answer 5

Cloth through Antwerp

Question 6

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

Answer 6

90%

Question 7

What was open field husbandry?

Answer 7

Where tenant farmers tended strips of land in open fields with common rights

Question 8

When was the first blast furnace established in England?

Answer 8

1496

Question 9

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

Answer 9

The Merchant Adventurers

Question 10

The trade of which product increased by 60% during Henry VII’s reign?

Answer 10

Cloth

Question 11

In what year did Henry VII Parliament pass legislation against enclosure

Answer 11

1489

Question 12

What happened to most of the coal mined in Newcastle?

Answer 12

It was shipped to London for domestic and industrial fuel

Question 13

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

Answer 13

Wool and grain

Question 14

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

Answer 14

They stipulated that goods from the mother country should can only be carried in ships from that country 1485, 1489, 1494