Henry VIII economy Flashcards

1
Q

What did the rise in population cause?

A

Food and land shortages, unemployment, poverty, vagrancy and urban squalor

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2
Q

How much did woollen cloth exports increase by

A

2x

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3
Q

What did the increase in imported wine mean?

A

An increased spending power of the more prosperous classes

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4
Q

Where were negatively impacted as more cloth went through London?

A

Bristol, Hull and Boston

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5
Q

Who enjoyed a boom in trade with Venice?

A

Southampton

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6
Q

What was the biggest change in the cloth trade?

A

An increase in cheaper fabrics like Kersey

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7
Q

What percent of cloth exports were transported by English merchants from 1550s?

A

70%

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8
Q

Which areas saw an increase in trade?

A

West riding of Yorkshire, East Anglia (especially South Suffolk) and parts of the West country (especially Gloucestershire, Wiltshire and Devon)

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9
Q

Who gained wealth and social status from cloth?

A

William Stumpe of Malmesbury in Wiltshire became MP for Malmesbury, high sheriff of the county, wealth landowners and beneficiary from the dissolution of monasteries

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10
Q

What other industries grew?

A
  • Cornish tin
  • Lead
  • Coal
  • Blast furnaces produced iron ore in the weald of Sussex and Kent and they were 26 by 1550s
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11
Q

What were the developments for exploration?

A
  • Henry VIII was uninterested in exploration trying not to build on Cabot and Bristol merchants
  • Robert Thorne, a Bristol trader, continued his involvement in an Iceland and Newfoundland fishery
  • Merchants had a lack of royal support
  • Sebastian Cabot remained in Spain for Henry VIII’s reign except for 2 small trips to England
  • Cabot was assisted in his map - making activities by Thorne’s son who ore the same name as him
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12
Q

What does Guy believe?

A

England was economically healthier, more expensive and more optimistic under the Tudors than at any time since Roman occupation

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13
Q

How did farming incomes increase?

A
  • An increase in agricultural prices from 1520s
  • Engrossing (the joining of two or more farms in a single agricultural unit)
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14
Q

When were there bad harvests?

A

1520 - 21 and 1527 - 29

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15
Q

How much did food prices increase and who did it impact?

A

2x and urban workers

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16
Q

Who had no personal wealth?

A

1/2 of the population of Coventry and 1/3 of the population of Yarmouth

17
Q

What was the population in 1547?

A

3.2 million

18
Q

What were the impacts of enclosure?

A
  • Legislation against it was made in 1489 and 1515
  • Thomas More’s utopia published in 1516 highlighted social effects of enclosure
  • Wolsey launched an enclosure commission in 1517 to reduce the problems and 188 defendants were found to enclose illegally
  • Enclosure was common in East Midland villages
  • In 1534, legislation was passed which attempted to limit sheep ownership and engrossing