Trading Laws And Treaties- The Cloth Trade Flashcards
What was Henry’s approach to trade ?
Little consistency- equally clear that he was quite prepared to sacrifice revenue and trade in the interests of securing the dynasty.
What was the commercial metropolis at that time?
Burges and Antwerp in burgundy
How did Henry end the trade embargo with burgundy?
Intercursus Magnus in 1496
Intercursus malus in 1506 at the treaty of Windsor. However, this treaty never became fully operative and by the following year, trading relationships had been restored on the basis of intercurus Magnus.
What did these trade treaties show?
Henry rated foreign policy and dynastic interests as greater priorities than the interests of English merchants.
What did the hanseatic league show about the weaknesses in trading policy?
England were excluded from this league, isolated from Mediterranean trade that would have had improved their international prestige and economy.
The league was largely successful in limiting the development of English trading interests in the Baltic.
What did the exclusion from the hanseatic league lead Henry to pass?
Navigations act of 1485 and 1489 which encouraged English shipping by ensuring that only English ships carry caring products to and from English ports to help improve prestige.
However, such legalisation had only limited usefulness as foreign ships continued to transport a substantial proportion of English exports
Also permitted john Cabot to explore north Canada in early English exploration.
What percentage of the cloth trade was responsible for English exports?
90 percent
What percentage of increase was there in cloth exports?
60
What was the merchants of the staple and merchants adventurers?
1] merchants who controlled the export of raw wool
2] …… finished cloth
How did the cloth trade create more employment and social mobility?
Led to more development of weaving, fulling and dyeing.
As a result, the industry offered opportunities for rural employment to supplement their agrarian incomes
What cloth towns were extremely prosperous?
Lewes in sussex
What historic cities suffered and what benefitted?
1] Winchester and Lincoln
2] newer manufacturing centres = villages in east anglia, Yorkshire and the west country
Who did Henry gave authorisation to explore north Canada?
John Cabot
What other industries ?
Germany and Bohemia = superior in mining and metallurgy.
Spanish Dutch = …in shipbuilding.
Why did England depend on the cloth trade and not other industries?
Foreign competition
Mining required more capital investment than industrial activities and most operations supplied the basic necessities for life,food.shelter
