Production and resources Flashcards
What was the trend of GDP per capita in the period?
It fluctuated but didn’t grow much
The use of what fuel made things cheaper
Coal
What allowed England to develop economically?
Coal and iron, could escape negative feedback loop of growth so would be long term
How much iron was smelted in 1550, 1600, 1780 (tons)?
5,000, 20,000, 100,000
What % worked in agriculture in 1550?
75%
What happens to wheat yields in the period
From 10 bushels per acre to over double that amount
What indicator can we look at to see how expensive things were for the poor?
Bread prices
When did the primary sector begin to decline?
1600
Why was their a lack of production in 1500?
Most people were subsistence farmers so did not produce a surplus of goods
What happened to exports of cloth in the 16th century
Grew and outcompeted other countries, exports from 56,000 a year to 126,000
Why did glass manufacture increase?
More elaborate houses, more luxury goods
Why did the economy have low efficiency?
People did not want to sacrifice leisure for an economic end meaning employers had to reduce wages
What % of the economy did agriculture contribute towards at the end of the period?
40%
Why is clothing hard to keep track of?
It was too common so was not recorded in inventories and most of it has not survived besides shoes.
How many shirts was the average family acquiring per year?
7
