Elizabeth I

• trade

  • grew well
  • netherlands = cloth trade = moved from south to north in the 1580s
  • overseas market = trade with ottomans and russia
  • lots of trading companies = eastland company 1579 etc
  • 3 expeditions by hawkins
• exploration and colonisation

  • 1580 - drake returned from 3 year navigation of the world
  • 1584 - raleigh to establish power over north america
  • 1584 - roanoke island = virginia named after elizabeth
  • expeditions in 1585 and 87 = failed permanent settement
• prosperity

  • agricultural production increased
  • cloth increased
  • urban settlements developed
  • london grew
  • shipbuilding increased
  • 2 navigation acts to promote english ships
  • statute of artificers 1563 = fix prices etc
• depression

  • 4 bad harvests = 1594-97 = poverty
  • 1596 = real wages collapsed
  • died of starvation
• early years economy

  • inflation = minted coins replaced silver = limited impact
  • increase crime and demands for high wages = statute of artificers = hard to enforce
  • poverty increased = poor law - fines if no contribution = limited impact