Henry VIII: Economy Flashcards
What happened to the woollen cloth exports during Henry VIII’s reign?
2x
What percentage of English cloth exports were carried in English ships?
70%
What is debasement of the coinage?
Silver content of coins is removed, and replaced by a cheaper metal to save 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?
1520-21
1527-29
What is the term for joining together 2 or more farms to make a single, large farm?
Engrossing
How many blast furnaces did England have to produce iron ore?
26
What is a good example to highlight urban poverty?
Over ½ population of Coventry possessed no personal wealth
Which city was cloth increasingly exported out of, increasing its wealth at the expense of other towns?
London
What happened to the divide between rich and poor?
Widened
Which European port was the most important for English trade?
Antwerp
How much interest did Henry VIII show in exploration?
Very little
On average, how many people were moving from rural areas to London each year?
5,000
How many people were found guilty of illegal enclosing during Henry’s reign?
188
What percentage of people lived off the land as subsistence farmers?
90%