Economic development Flashcards
(6 cards)
1
Q
Trade
A
- Rise in cloth exports but raw wool declined
- Woollen cloth exports doubled
- Increases in exports of hides and tin
- Leading route for exports was London to Antwerp
- Cloth going through London had negative impact on Bristol and Hull
- Greatest growth was West Riding, East Anglia and West Country
- Cornish tin remained prize export
- Lead mining in high pennies and coal mining
- Blast furnaces increased iron
2
Q
Exploration
A
- Henry VIII uninterested in exploration and no attempt to build on success of Cabot and the Bristol merchants
- Robert Thorne continued his involvement and other merchants showed more interest in exploration
3
Q
Prosperity
A
- Population grew significantly, decline in rate of mortality
- From 1520s agricultural prices rose significantly therefore increase in farming income
- Debasement of Coinage created short term artificial boom in 1544 to 1546 but long term cost to living standards
4
Q
Depression
A
- Bad harvests (1520-21 and 1527-29)
led to increases in food prices almost doubled across his reign - Real wages declined for many
- Half the population of Coventry were recorded as having no real wealth
- 5000 migrants a year adding to London population
5
Q
Impact of Enclosure
A
- Enclosure of common fields had existed but had little impact
- Acts had been passed against enclosure in 1489 and 1515
- Wolsey launched an enclosure commission to sort out the issue
- 1534 further legislation attempted to limit sheep ownership and engrossing
6
Q
Population
A
- Put strain on supply of food which made it difficult to meet demand
- Problem worse by stagnating wages with loads of cheap labour
- The upper of society became richer and the lowers became poorer
