Economic Developments

Cards (33)

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