Henry VIII - Economic Developments Under Henry VIII Flashcards
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What happened to the volume of English Trade in the first half of the 16th century?
It increased (with occasional downturns)
What industries saw a continuous rise?
Cloth exports, exports of hides and tin
What market declined?
Raw wool
Which export almost doubled in Henry’s reign?
Woollen cloth
What does the increased import of wine suggest?
That the spending power of the more prosperous classes increased
What was the leading route for exports from England?
From London to Antwerp, from which it was often sent to customers in Central Europe and the Baltic
Where was exported cloth often travelling through and what problems did this cause?
An increasing proportion of cloth was travelling through London. This had a negative effect on other ports, particularly Bristol, and some other east coast ports such as Hull or Boston and traders found it hard to compete with their London rivals
Where else enjoyed a boom in trading?
Southampton, especially with trade with Venice
What was the biggest change in the cloth industry?
The increase in cheaper fabrics such as kersey
What was kersey?
A coarse woollen cloth which was lighter than the traditional English broadcloth and which took its name from the village of Kersey in Suffolk. Its lightness broadened its appeal
What percentage of cloth exports were transported by English merchants?
about 70% from the 1550s
How did the woollen industry operate?
largely on a domestic basis, with children carding the wool, women spinning and men weaving it. This was then sent for specialist treatment such as fulling or dyeing which appeared in specialist units around the country