Trade/economy

• Agricultural

  Farming was a very important part of English life during this time
• Industries in England

  • Cloth industry
  • Coal industry
  • Iron industry
• Cloth trade made up 90% of all exports
• Cloth was exported to the Netherlands

  Tensions between Burgundy and the Netherlands led Henry to introduce a trade embargo
• Navigation Acts


  Introduced in 1485 and 1486 to promote trade and break the monopoly of the Hanseatic League
• Hanseatic League


  • European trading company that had a monopoly on trade
• Merchant Adventurers

  English trading company promoted by the Navigation Acts
• Under Henry VII, there was little exploration achieved despite his patronage of John and Sebastian Cabot
• John and Sebastian Cabot explored and claimed new lands in North America and Greenland for the King of England