Henry VIII Economy Flashcards
What happened to the woollen cloth exports during Henry VIII’s reign?
Doubled
What percentage of English cloth exports were carried in English ships under H8?
70%
What is debasement of the coinage?
Silver/precious metal content of coins is removed and replaced with a cheaper metal to generate money for the crown.
What did Wolsey do to address the issue of enclosures?
Set up a commission in 1517
In which years did England suffer bad harvests under H8?
1520-21, 1527-29
What happened to the divide between the rich and poor under H8?
It widened
Which city was cloth increasing exported out of?
London, led to it increasing in wealth at the expense of other towns.
What is a good example to highlight urban poverty?
1/2 of the population of Coventry possessed no personal wealth.
How many blast furnaces did England have under H8?
26, for production of iron ore.
What is the term for joining together 2 or more farms to make a single larger farm?
Engrossing
Which European port was the most important for English trade under H8?
Antwerp
How much interest did H8 show in exploration?
Very little
On average, how many people were moving into London each year under H8?
5,000
How many people were found guilty of illegal enclosing during H8s reign?
188
Under H8, how many were subsistence farmers?
90% of the population
