Henry VII - Economy Flashcards

1
Q

What became the main industry during Henry VII’s reign?

A

Cloth and wool

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2
Q

What was the population of England during Henry VII’s reign?

A

2.2 million

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3
Q

What was the population of York during Henry VII’s reign?

A

8-10,000

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4
Q

What was the population of Coventry during Henry VII’s reign?

A

8-10,000

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5
Q

What was the population of Norwich during Henry VII’s reign?

A

exceeding 10,000

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6
Q

What was the population of London during Henry VII’s reign?

A

exceeding 50,000

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7
Q

What was the population of Bristol during Henry VII’s reign?

A

8-10,000

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8
Q

What other industries were in Henry VII’s reign?

A

mining tin/lead/coal, metal working, leather work, shipbuilding and paper making

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9
Q

How did farming change during Henry VII’s reign?

A

From harvesting to sheep so failed harvests were disastrous and labourers went out of jobs

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10
Q

How did the cloth trade develop during Henry VII’s reign?

A

Bulk exports went out through Calais, weaving fulling and dyeing developed, cloth towns prospered, historic cities suffered, Hanseatic League (reasserted in 1504) gave trading privileges

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11
Q

What were the 1485 and 1489 Navigation Acts?

A

Encouraged English shipping so only English ships could carry certain exports

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12
Q

What was the 1492 Treaty of Etaples?

A

Trading restrictions removed to try and encourage Anglo-French commercial relations

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13
Q

What was the 1493 trading embargo with Burgundy

A

Margaret of Burgundy supporting Warbeck so Henry instated a ban on trade with Burgundy

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14
Q

What was the 1496 Intercursus Magnus?

A

The agreement that the Netherlands and England would resume trade after the Netherlands stopped supporting Warbeck

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15
Q

What was the 1506 Intercursus Malus?

A

Support for the Earl of Suffolk appeared so Henry tried to reinstate the ban but instead agreed to move trade

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16
Q

Who was John Cabot and what did he do?

A

He was a fisherman who sailed in 1497 and found Newfoundland as well as extensive fishing grounds. He sailed again in 1498 but never returned, however he proved there was a substantial land mass within reasonable sailing from Europe

17
Q

Who was Sebastian Cabot?

A

John Cabot’s son, led an unsuccessful voyage to find the north-west passage to Asia