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Henry VIII
Economy
Economic Developments
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Created by
Sofia Majed
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Cards (33)
What was the trend in England's trade volume in the first half of the 16th century?
It
increased
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What happened to woollen cloth exports during Henry VIII's reign?
They
almost doubled
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What does the increase in wine imports during Henry VIII's reign indicate?
Increased
spending power
of nobility
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Which city was a leading export route for cloth?
London
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How did the rise of London as a trade hub affect other ports?
It negatively impacted ports like
Bristol
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What was the impact of Venetian trading on Southampton port?
Increased
imports
and
exports
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What was the biggest change in the cloth industry during this period?
Increase in
cheaper
fabrics like
kersey
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What percentage of cloth exports were transported by English merchants in the 1550s?
70%
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What was the significance of the cloth trade for the woollen industry?
It significantly increased
profits
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What remained a prized export from Cornwall?
Tin
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What was the role of blast furnaces in Sussex and Kent?
To produce
iron ore
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How many blast furnaces were there by the mid-1500s?
26
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What was Henry VIII's attitude towards exploration?
He was
uninterested
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Who continued involvement in the Iceland and Newfoundland fishery?
Robert Thorne
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What happened to Sebastian Cabot during Henry VIII's reign?
He
remained
in
Spain
most of the time
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What did John Guy say about England's economy under the Tudors?
It was
healthier
and more
expansive
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What demographic change occurred from 1525?
Population grew
significantly
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What economic effect did agricultural price rises have from the 1520s?
Increased
farming incomes
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What was the practice of engrossing?
Joining farms into a single
unit
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What was the short-term effect of the debasement of coinage?
Created an
artificial
economic boom
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What were the consequences of bad harvests during Henry VIII's reign?
Significant
food price inflation
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How much did food prices increase during Henry VIII's reign?
Almost doubled
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What did historical subsidy assessments reveal about urban poverty?
Significant
urban poverty existed
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How many migrants moved to London annually in search of employment?
Over
5000
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What was the moral perception of enclosure?
It forced the
poor
from their homes
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What legislation was passed against enclosure in 1517?
An
enclosure
commission
was launched
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Where was enclosure most commonly practiced?
East Midlands
villages
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What was the impact of population increase on food supply?
Strain
on food supply occurred
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Who benefited from the increase in population?
Wealthier
farmers
and
landowners
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What did John Guy argue about agricultural improvement?
It promoted
growth
at
peasant distress
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How did society change due to economic conditions?
It became more
polarized
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What assumption did the wealthy make about the poor?
They were poor due to
idleness
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What measures were taken against vagrancy and begging?
Stricter
measures were implemented
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