Economic development Flashcards
(32 cards)
What acts were passed with trade in france
1485 + 1489 Navigation acts: could only transport Gascony wine to England in english ships
when was the treaty of etaples + what impact did it have on trade
1492
reduced trade restrictions
what happened with trade with France by 1495
restrictions removed
english neutrality in Italian wars
what happened in trade with France by 1497
trading privileges of English merchants restored
when was the treaty of Medina Del Campo
1489
what was the treaty of Medina Del Campo
with spain
equal trading rights for merchants
fixed custom duties , favourable to english traders
why was trade with burgundy so important
most important cloth trading centre in europe
what ban was placed in 1496 regarding Burgundy?
Ban on english traders using Burgundy due to Maximilian supporting Warbeck (Yorkist supporter)
What was Intercursus Magnus + who was it signed with?
Archduke Philip
English merchants could trade freely in all Burgundy except Flanders
when was Intercursus Magnus
1496
what was the Hansatic League
Powerful trading coalition of German cities
what agreements were there throughout the late 1480s
commercial agreement with Brittany, commercial friendship with Portugal, trading rights with Denmark
what achievements did Henry VII get
custom duties increased 20%
by 1509, £33,000 went to over 40k
where was coal exported from and how long has it been exported for?
- mines since 13th century
- exported from Durham, Northumberlands
how important was coal
output accelerated, places with scarce timber so it was cheaper to transport by water
source of fuel
where did linen begin production
lancashire, beginning of industry
why was linen important
reliance on irish yarn to maintain course woollens handknitting
handknitting = stockings worn by men + women
- gave extra income for poor
how much % was wool and cloth of exports
90%
what was the process of wool and cloth
- exported raw = high quality
- the export of raw wool halved -> now woolen cloth
- process done at home, children untangled fibres
- clothier organised and financed the fulling and dying
how important was metal
- profitable expirts
- Pennines North, Devon, Cornwall
- brass making
- mining of copper
- charcoal blast furnaces
why were the Navigation acts so important
- attempted to limit foreign grip on English trade
- forbade Englishmen to load their goods on foreign ships with English ships available
What was Henry VII like with exploration
- keen interest
- gave financial support to John and Sebastian Cabot
- Numerous expeditions, offered large rewards
what impact did Henry VIIs influence on exploration have
england had more knowledge of North America than any other European country
Why did Henry agree to help pay for Cabot’s expeditions?
Because if it was successful, it would make England the greatest trading centre in the world
