Merchants

    Cards (5)

    • England experienced a substantial income of trade under Henry VII.
    • Merchants worked in various trading companies each specialising in particular commodities. Mercers were associated with silk, Grocers with spies, Merchant Adventurers with woollen cloth and Merchant Staplers with raw wool.
    • Merchants demonstrated their status through building magnificent town houses, wearing fine cloth and where the could invest in land.
    • During the 15th Century they organised themselves into groups and became known as the Merchant Adventurers. They dominated the local trade and became a powerful political lobby group.
    • In 1502, Henry granted the Merchant Adventurers of London a charter that allowed them to appoint a governor and 24 assistances to support their organisation.
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