The Economy

• What was the population in England

  2.2 million
• what percentage of people liked in the countryside

  90%
• people moved to sheep farming in 1490s because?


  it was more profitable and there was an increase in the demand for wool as population was growing
• where was mixed farming most popular

  lowland areas of the south/east
• what percentage of Englands exports was the cloth trade responsible for?

  90%
• the volume of cloth had increased by what % during Henry’s reign

  60%
• finished cloth was in high demand and helped increase rural employment, what domestic industry did this develop

  weaving
• the Merchnat Adventurers exported finished cloth from London to where 


  Antwerp
• when was the Hanseatic League reasserted

  1474
• industrial activities like weaving required little … that coal mining did require

  capital
• coal from northeast shipped to London to be exported to where

  Netherlands and Germany
• when was the first embargo imposed on the Netherlands and why?

  1493 because of Margaret of Burgendys support for Warbeck
• the embargo was ended by what in 1496

  the Intercursus Magnus
• embargo re-emerged again in 1503 due to what

  Margaret of Burgendys support for Earl of Suffolk
• the embargo was ended in 1506 by what 


  the Intercursus malus
• Henry put foreign policy and dynastic interests above who’s

  English merchants
• who was successful in limiting development in English trade in Baltic

  the Hanseatic League
• the Navigations Acts of 1485 and 1489 were supposed to do what 


  ensure only English ships could carry certain products
• when did John Cabot arrive in Bristol 


  1494/5
• he received authorisation from Henry to search for new land and set sail when 


  1497
• there was a decline in export price of wool, grain and animal products when ?


  1490s
• consumers were effected by

  reduction in farming profitability and rising real incomes