Henry VII - Economy Flashcards

1
Q

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A

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2
Q

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A
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3
Q

What was the population of England at the beginning of the 15th century?

A

2.2 million.

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4
Q

Where were the majority of people living at this time?

A

-in the countryside and relying on some form of farming for a living. -most of the 10% of the population who were actually urban dwellers lived in towns which were small by continental standards.

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5
Q

What was London’s population?

A

exceeded 50,000.

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6
Q

How many towns has as many as 3000 people?

A

20 towns had as many as 3000 people.

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7
Q

What was Norwich’s population?

A

-Norwich had a population exceeding 10,000.

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8
Q

What were Bristol, York and Coventry’s populations like?

A
  • Bristol, York and Coventry had populations in the range of 8000 to 10,000.
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9
Q

What were the main industries in these urban areas?

A

-wool and cloth were the main industries. Other industries included tin, lead and coal, metal working, leatherwork, shipbuilding and papermaking.

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10
Q

How was income from the land affected by the Black Death?

A

-income from land had declined in the aftermath of the Black Death of the 1300s and early 1400s, though it has been suggested that there was something of a recovery in the 1480s and 1490s, as the population began to increase again.

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11
Q

Was there are move towards sheep farming?

A

-there was much evidence of a greater move towards sheep farming in the 1480s and 1490s.

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12
Q

What was the reason for the move towards sheep farming?

A

-it was a reflection not only of the depressed profitability of arable (crop) farming, but also the improved profitability of sheep farming brought about by the increasing demand for wool, as the population grew and trade overseas developed.

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13
Q

What were the agricultural divisions in England?

A

-England could be divided into “lowland zone” to the south and east (a line drawn from the Tees estuary to Weymouth) and a “highland zone” (roughly north and west of that line).

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14
Q

What was the most common form of farming?

A

-mixed farming was the most common form of farming found in lowland zone, though pastoral farming predominated in woodland areas and there were specialisms such as horse breeding in the Fenlands.

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15
Q

Where was open-field husbandry found?

A

-concentrated mainly in the grown-growing areas of the southeast and the east Midlands.

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16
Q

What is mixed farming?

A

-a system of farming which involves the growing crops as well as raising of animals as livestock.

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17
Q

What is pastoral farming?

A

-farming involving the rearing of animals- either for animal by products such as milk, eggs or wool, or for meat.

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18
Q

What were common rights?

A

-denotes the legal right of tenants to use common land, for example for keeping animals, the exact nature of these rights varied from place to place.

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19
Q

What was open-field husbandry?

A

-form of landholding which predominated in most of “lowland” England. The manor was a specific landed estate whose tenants farmed strips of land found in open fields and who enjoyed common rights, particularly for keeping animals, the system came under increasing pressure by enclosure in some parts of the country as the 16th century unfolded.

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20
Q

What were the wool and cloth traders doing?

A

-making sheep farming more profitable.

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21
Q

How did the improved production and profitability come at a cost for peasants?

A

-they lost their access to land and common rights, and were often left destitute by the process.

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22
Q

Did English agriculture undergo any significant change?

A

-it underwent no significant change towards the end of the 15th century, and the beginning of the 16th century.

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23
Q

How many harvests were deficient?

A

1 in 4 harvests in a typical decade were deficient and these often led to famine and mass starvation.

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24
Q

What percentage of the English exports was the cloth trade responsible for?

A

0.9

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25
Q

What was the percentage increase in the volume of cloth exports?

A

60% increase in the volume of cloth exports in Henry VII’s reign.

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26
Q

How many people were involved in the cloth trade?

A

30000

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27
Q

What had the bulk of exports comprised of in the first part of the century?

A

-comprised of raw wool, this was shipped mainly from east-coast ports such as Boston, Lynn and Yarmouth and exported through Calais by the Merchant of the Staple.

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28
Q

What type of cloth dominated the trade?

A

-finished cloth.

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29
Q

What did finished cloth lead to?

A

-the development of weaving, usually done as a domestic process, and fulling and dyeing, which were commercial enterprises. -as a result the industry offered opportunities for employment.

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30
Q

What cloth towns were prosperous?

A

Lavenham in Suffolk and Lewes in Sussex.

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31
Q

What historic cities suffered and why?

A

Some historic cities such as Winchester and Lincoln had suffered significant decay as the cloth industry tended to move from older corporate boroughs to new manufacturing centres in smaller market towns and villages in East Anglia, the West Riding of Yorkshire and parts of the West Country.

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32
Q

What reinforced London’s commercial dominance within the country?

A
  • an increasing proportion of the finished cloth was exported from London through the Merchant Adventurers. This reinforced London’s commercial dominance within the country and established a commercial axis in Antwerp.
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33
Q

What was the Merchant of the Staple?

A

-they controlled the export of wool, the staple was based at Calais from 1363, but the eventual decline in the wool trade reduced the company’s importance.

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34
Q

What was fulling?

A

-a step in wollen cloth making involving the cleansing of cloth to eliminate oils, dirt and other impurities, making it thicker in the process.

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35
Q

Who were the Merchant Adventurers?

A

-the wealthiest and most influential company of the City of London, the Merchant Adventurers were a trading organisation which came increasingly to dominate London’s cloth trade with Antwerp.

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36
Q

What did the Merchant Adventurer’s domination of the cloth trade match?

A

-the Merchant Adventurer’s domination of the cloth trade matched the dominance of the wool trade by the Merchants of the Calais Staple, whose economic position they increasingly supplanted.

37
Q

How did the King use the Merchant Adventurers?

A

-the king increasingly used their expertise in the negotiating of trade treaties such as Intercursus Magnus and the Intercursus Malus.

38
Q

Why could the Merchant Adventures not achieve complete domination of trade?

A
  • because they proved unable to overcome the trading privileges enjoyed by the Hanseatic League which had been reasserted by the treaty in 1474 and again in 1504.
39
Q

Why did Henry VII reassert this treaty?

A

-because he needed to ensure that the Hanseatic League would offer no support to the Yorkist claimant to the throne, the Earl of Suffolk.

40
Q

Which industry did England remain dependent upon?

A

cloth industry.

41
Q

Why did England remain dependent on the cloth industry?

A

-because other industries remained small and failed to compete effectively with their continental competitors.

42
Q

What were weaving and brewing like?

A

-they were fairly small scale. -they required little capital investment. Most such operations supplied the basic necessities of life, food and shelter.

43
Q

What did mining require more of?

A

-capital investment.

44
Q

Where was tin mined?

A

-Cornwall.

45
Q

Where was lead mined?

A

-mined in uplands areas such as the high Pennines and the Mendips.

46
Q

Where was coal mined?

A

-Durham and Northumberland.

47
Q

Where was iron ore mined and smelted?

A

-in the Weald of Sussex and Kent, where there was a blast furnace.

48
Q

Where was coal also mined?

A

-Northeast.

49
Q

Where was the coal shipped from and to where?

A

-shipped from Newcastle to meet the growing demand for domestic and industrial fuel in London, but there was also a small export trade to Germany and the Netherlands.

50
Q

What was the Hanseatic League?

A

-a group of free cities originating in the 13th century, which came together to form a commercial union with the intention of controlling in the Baltic Sea. -the League dominated commercial activity in northern Europe from the 13th to the 15th century.

51
Q

What was Henry’s attitude towards trade?

A

-it was clear that Henry was interested in maximising customs revenue. But it was also evident that he was prepared to sacrifice revenue and trade in interests of securing the dynasty, and he was happy for Parliament to legislate in favour of sectional interests.

52
Q

What was the biggest issue concerning trade in Henry’s reign?

A

-the embargo on trade with the Netherlands. He imposed this in 1493 as a result of the fear and insecurity brought about by Margaret of Burgundy’s support for Perkin Warbeck.

53
Q

What was the effect of the embargo on trade?

A

-instead of trading directly with the Netherlands, merchants were required to direct their trade through Calais.

54
Q

How did the Netherlands retaliate to the embargo?

A

-the embargo ended with the treaty known as the Intercursus Magnus, though the terms of the treaty were still being debated two years later.

55
Q

What did the Intercursus Magnus do?

A

-set down that English merchants could export to any part of the Duke of Burgundy’s lands apart from Flanders, that merchants would be granted swift and fair justice and that effective arrangements would be put in place for the resolution of disputes.

56
Q

Did Henry ever think about imposing another trade embargo?

A

Henry appeared to panic once again in 1503 when the claim of the Earl of Suffolk was once again taken seriously around Burgundy. Henry attempted to reimpose the embargo. In this instance, he was fortunate that circumstances in 1506 allowed him to negotiate the Intercursus Malus.

57
Q

When did Philip of Burgundy confirm the Intercursus Magnus?

A

-1499

58
Q

Did the Intercursus Malus become operative?

A

-never became fully operative and by the following year trading relationships had been restored on the basis of the Intercursus Magnus.

59
Q

When were trading restrictions removed?

A

-1486

60
Q

When were the trading restrictions reimposed?

A

-1487 due to Henry’s support for Brittany. But they were largely removed again under the Treaty of Etaples in 1492.

61
Q

When were most of the remaining trading restrictions removed?

A

-1497

62
Q

What was the Hanseatic League successful in limiting?

A

-the English trading interests in the Baltic.

63
Q

What was the aim of the Navigation Acts 1485 and 1489?

A

-to encourage English shipping by trying to ensure that only English ships should carry certain products to and from English ports.

64
Q

Were the Navigation Acts successful?

A

-only limited in success since foreign vessels continued to transport a substantial proportion of English exports.

65
Q

What were sectional interests?

A

-the interests of a particular group within a community or country.

66
Q

What is extort?

A

-obtain through force, threats or unfair means.

67
Q

What had Spanish and Portuguese explorers opened up?

A

-opened up much of the world, and the Portuguese had particularly benefited from their domination of the spice trade, English sailors were much slower to engage in such materials.

68
Q

When did John Cabot arrive in Bristol?

A

-1494 and 1495. -this was a time when Bristol fish merchants were looking for alternative fishing grounds to exploit, having been excluded from Icelandic waters by the Hanseatic League.

69
Q

When did Cabot sail?

A
  1. -he located what became known as Newfoundland and reported the existence of extensive fishing grounds.
70
Q

What happened to prices?

A

-apart from a temporary rise in the 1480s, prices seemed to remain steady.

71
Q

What happened to the price of wool and grain?

A

-there was a decline in the export price of wool and in the price of grain in the 1490s.

72
Q

Were building workers and agricultural labourers better of?

A

-both building workers and agricultural labourers were, on the whole, better off during the 1490s than they would be at any other time during the Tudor period.

73
Q

What aspect fo agriculture developed during the reign of Henry VII?

A

-enclosure. -this was where land was fenced-off and common rights over land were abolished.

74
Q

What did enclosure mean for animals?

A

-selective breeding of animals could be tried.

75
Q

Where was enclosure most common?

A

-the Midlands.

76
Q

What percentage of the land was enclosed in Henry’s reign?

A

0.03

77
Q

What laws were introduced in regards to enclosure?

A

-Parliament did introduce two laws, both in 1489 that can be seen as being anti-enclosure. -one was specifically for the Isle of Wight while the other was a more general piece of legislation.

78
Q

What was it believed that enclosure was doing?

A

-that enclosure was causing depopulation.

79
Q

At the start of Henry’s reign what happened to the amount of raw wool exported?

A

-in 1485 the amount of raw wool exported had fallen by 50% and was being replaced by the finished article.

80
Q

What were the three main areas of woollen cloth making?

A

-West Riding of Yorkshire, East Anglia and the West Country.

81
Q

What percentage of overseas trade was wool based?

A

-0.9

82
Q

Where was linen produced?

A

Lancashire.

83
Q

Who did Henry view as a rival and why?

A

The Venetians as a rival as they dominated the trade of luxury goods.

84
Q

What did he do as a result of the rivalry with the Venetians?

A

He began encouraging trade with Venice’s rival, Florence in 1488.

85
Q

How did Venice respond?

A

They retaliated by imposing high tariffs on all English imports, essentially killing of English trade there.

86
Q

How did Henry respond to these tariffs?

A

In 1490, a treaty was arranged with Florence that arranged the import of wool into Pisa, the main port of Florence. At the same time, he restricted the sale of wool to the Venetians.

87
Q

What did the Venetians do?

A

They withdrew import duties on English goods. This gave Henry trade route into the Mediterranean.

88
Q

How much did the Alum trade bring in?

A

Made £15,000 from its import.