Trade

Question 1

When did Henry reduce Hanse privileges?

Answer 1

1487-89

Question 2

When was the trading treaty with Portugal?

Answer 2

1489

Question 3

When was the trade embargo with Burgundy?

Answer 3

1493

Question 4

When were letters patent issued to John Cabot?

Answer 4

1496

Question 5

When did Cabot discover Newfoundland?

Answer 5

1497

Question 6

When were Hanseatic privileges restored?

Answer 6

1504

Question 7

When and where was the Adventurers to the New Found Lands set up?

Answer 7

1506, in Bristol.

Question 8

When did Sebastian Cabot set out to find the North-West Passage?

Answer 8

1508

Question 9

How big did a ship need to be to receive tax concessions?

Answer 9

70 tonnes

Question 10

How much did raw wool exports decline by?

Answer 10

30%

Question 11

How much did cloth exports increase by?

Answer 11

60%

Question 12

How many ships did Edward IV and Henry VII have?

Answer 12

Edward: 10
Henry: 5

Question 13

What year were Hanse privileges confirmed?

Answer 13

1486

Question 14

When were the Navigation Acts passed?

Answer 14

1485-9.

Question 15

How did Henry increase English trade?

Answer 15

1. Exploration.
2. Reducing Hanse privileges.
3. Encourage ship-building.
4. Foreign treaties.
5. Navigation acts.
6. Legislation (acts to reduce smuggling, developed the Book of Rates.)

Question 16

Why was trade important?

Answer 16

1. More merchant ships for defence.
2. Cutting off trade could be used as punishment.
3. Custom revenue was 1/3 of the crown’s income.
4. Happy merchants would lend Henry money and not support pretenders.
5. Making the Hanse less dominant is popular abroad.

Question 17

What proportion of the crown’s income was customs revenue?

Answer 17

1/3

Question 18

Why did Henry pass the Navigation Acts?

Answer 18

1. Weaken the Hanseatic League.
2. Get support from merchants.
3. More ships = better defence.