Henry VIII economic development Flashcards
trade, exploration, prosperity and depression
what happened to the volume of English trade
increased during the first half of the sixteenth century
what happened to cloth exports
rise in cloth exports though market for raw wool declined
woollen cloth exports almost doubled during Henry’s reign
what other industries increased exports
hides and tin
what suggests the spending power of the prosperous classes increased
the import of wine into England increased
what was the main route for exports
London to Antwerp
What was the impact of London’s growing significance in trade
negative impact on other ports such as Bristol
provincial traders found it difficult to compete against their London rivals
what % of cloth exports were transported by English merchants
70% from the 1550s but much of the trade was in foreign hands before this
Who was William Stumpe
Became an MP, high sheriff and wealthy landowner from the cloth industry
Were any exploration advancements made under Henry
no Henry was uninterested in exploration and made no attempt to build on the achievements of Cabot and Bristol merchants
what suggests England was doing well economically
population began to grow significantly form about 1525 and mortality declined
agricultural prices rose significantly from the 1520s so farming incomes rose
debasement created a short-term boom 1544-1546
what happened to food prices across Henry’s reign
almost doubled
caused problems for urban workers
what happened to real wages
declined
what did assessment for subsidies find out about poverty
indicated considerable urban poverty
over half the p0opulation of Coventry were recorded as having no personal wealth
How many migrants did London see a year and why
5000
growing unemployment amongst rural labourers
some found work in rural industries some moved to towns and cities
When was the enclosure commission and what was it
1517 launched by Wolsey to investigate the scale of the problem
How many illegal enclosers did the enclosure commission find
188
who benefitted from population growth and why
wealthy farmers and landowners
as wages were decreasing and there was a plentiful supply of people for cheap labour
how did society become more polarised
agricultural improvement and increased production generated prosperity for landlords but at the cost of impoverishing peasants
the rich became richer and the poor became poorer
