Henry VII’s Economic Developments Flashcards
What were the most important industries in England?
Agriculture, coal, iron and cloth
What percentage of exports were cloth trade?
90%
Where was cloth exported to and how was this significant?
Netherlands- creating links to foreign policy when there was tension between the Netherlands and burgundy
What was the result of the trade embargo with the Netherlands?
Intercursus Magnus
What years were the navigations set up and why were these important?
1485 ( year when Henry took the throne meaning it must have been important) and 1486
What was the navigation acts?
An attempt to promote trade and break the power of the hanseatic league
Who were the hanseatic league?
A European trading company who had all the power within the trading industry
Who did the navigation acts support?
The English traders and the merchant adventurers
who were the merchant adventurers?
An English trading company who were promoted by the navigation acts
What was exploration apart of and what did Henry VII want to do?
The Tudor legacy- increase exploration (this was limited)
Who did Henry VII patronize and what effect did his have?
John and Sebastian Cabot- took England a step forward in exploration
What land did John and Sebastian Cabot find and claim?
North American lands and regents around Greenland
How significant was Henry VIII in exploration in comparison to Henry VII?
Henry VII achieved very little in terms of exploration where as Henry VIII achieved a lot more
