Trading and the British Economy

• Difficulties of Trading

  • Bad roads damaged goods or goods got stolen.
  • Takes a long time to trade.
  • Ottoman Empire placed high taxes on goods passing through its territory (hostile with Christian Europe)
• British Economy

  • English Economy depended on Wool Trade which occurred with the Netherlands (occupied by Catholic Spain but is Protestant).
  • Recessions and Spanish hostility - new markets.
  • Main reasons for English Exploration.