Trade + Exploration

Question 1

3 statements about economy

Answer 1

Value of internal trade exceeded foreign = coal from Tyne to Thames
Increase in foreign luxury imports = goods becoming poor affordable for wider range of pop
Decline in cloth trade with Netherlands

Question 2

Main trading pattern chnages (2)

Answer 2

Main markets for English wool moved from south to north N
Increase in trade with Ottoman Empire

Question 3

What Muscovy company (2)

Answer 3

Incorporated to trade with Russia and Northern Europe in 1555
Long term = failed to compete with Dutch

Question 4

Eastland company what (2)

Answer 4

Set up in 1579
Trade in Baltic Sea = limited effect

Question 5

What levant company (2)

Answer 5

Found in 1581 as Turkish company
Success in increasing trad with Ottoman Empire

Question 6

What east India company (3)

Answer 6

Set up in 1600
Trade it’s Asia had less investment that the Dutch east India company
Short term = found it difficult to compete

Question 7

Problem with London (2+)

Answer 7

In 1590s = 93% of cloth exports went through London = other towns and cities declines
However = Newcastle grew becuase supplied economic needs to London

Question 8

When trad embargos (3)

Answer 8

1563-64
1568-73
1586-88

Question 9

What did companies mean

Answer 9

Global expansion of trade

Question 10

Throughout 1560s = trade routes what (2+)

Answer 10

Extended into Baltic Sea and west coast of Africa
Hanseatic league lost privileges to transport English exports

Question 11

Exploration - Francis drake (3++)

Answer 11

Expendition to circumnavigate the globe = 1577-80
Raided wes toast of Spanish America = large quantities of silver
4000% profit

Question 12

Exploration = oancaster what (2+)

Answer 12

1591 = sailed around Africa and reached India
Captured 2 Portuguese ships en route