Miles - History - 1. Further developments in the society and economy of Wales and England Flashcards
What caused inflation?
Government spending,
Debasement of coinage,
Circulation of bullion within Europe,
Bad harvests,
Land sales.
Inflation 1554 - 157.
Prices in general DOUBLED between 1500-1550.
Prices could rise up to 4 TIMES during its worst.
Caused by :
Government spending on wars,
Debasement of coinage under Wolsey and Somerset,
Influx of gold and silver from Spanish empire,
Bad harvests decreased food supplies, inflating prices of food,
Land prices increased with scramble for monastic lands,
Inflation over the Tudor period was about 400%
Government spending
After Henry VII, Tudors increased money spending, especially on foreign war.
This put more money into circulation as the government bought clothing, provisions, weaponary and ships for wars against Scotland and France.
However, this was only a small part of their National economic activity.
De-basement of coinage
Wolsey instituted the first debasement of coinage in 1526-27.
Government reduced silver content in coinage and forced people to ask for more money for the same value.
Bad harvests
Heavy rains caused bad harvest from 1555-1556.
Poor harvests led to diseased farm animals.
Famine drew people to riots.
Poor harvests resulted in a higher demand for food. Consequently, this inflated prices.
Poverty 1554-1570 - Mary I
She inherited economic problems from Northumberland, debasement of coinage and inflation.
Mary gave away crown lands to re-establish monastic foundations.
Towns were badly hit, high mortality, food shortages
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This was hoped to lessen urban employment, however,
Mary failed to produce new jobs for vagrants and failed to produce a new variety of industries in both towns and country.
Poverty - Elizabeth I
Research shows that 60% of people were considered to be living in poverty under Elizabeth I.
Raises in wages to keep pace with sharp food prices.
Land-less poor were the hardest hit as they didn’t have the monastry to fall back on.
Punishment was not an adequate strategy for poverty and vagrants.
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The statue of artificers act [1563]- legislate achievment as it encouraged jobs.
Poor Relief Act [1563] - Contributions to the poor were made compulsory. Refusal led to fines and sometimes imprisonment.
Price Rises 1554 - 1570
Price rises affected all sectors and was regularly commented on buy comtemporaries. However, the dramatic population rise was barely noticed by contemporaries.
Grain prices rose quicker than meat, dairy or wood due to rising population.
Why were there price rises?
The population rise meant that there was a younger population, meaning higher demand for food.
Demand out-stripped supple.
Debasement of coinage.
Enclosure
Danger of widespread starvation caused long-term social problems for authorities.
The government tried to maintain social stability, while at the same time, accepting responsibility for poor relief and welfare.
The government did not wish to see smallholders evicted as they would cause reprisals and clamour
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Enclosures were seen as the major economic distress and instability and the government tried to pass laws against the practice.
Parliment, representing land interest, often blocked such legislations. When anti-enclosure acts were passed, the local magistrates were landowners themselves so they refused to enforce them.
New concepts of gentility and opportunity for social advancement 1554-1570.
.
What is meant by ‘Gentry’?
People of good social position, specifically the class of people next below the nobility in position from birth.
What is meant by ‘Nobility’?
Those people who are ranked placed below the monarch and above the common people.
The great chain of being
The belief that God had ordained that everybody was born in a specific place in the strict hierarchy of society and had a duty to remain there.
Nobility and gentry.
Tensions rising from the population increase and the re-distribution of land following the dissolution of monastries.
The number of nobles and gentry remained fairly consistent between 1500-1550. The gentry class made up about 1% of the population - 4500 families according to Wolseys survey in 1524
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The re-distribution of church land and the consequent dissolution of monastries had mostly reinforced the existing positions of nobles and gentry.
Some Nobles fell from power, typically because of Royal disfavour. The De La Pole family (York Supporters). And other families fell from power due to their inability to produce a male heir.
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They continued to hold roughly 10% of available land for cultivation.
Henry VIII created the most peerages in the 1530s.
Increase of Knights (leading gentry families)m
300-600 during the Tudor period.
Thomas Smith [1965] classes.
Tudor society was divided into four classes.
Gentlemen,
Urban Elite.
Yeoman,
Laborers.