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Flashcards in Economic development Deck (3)
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1

How was trade increased and disrupted (sen)

- Wool exports increased by 100%
- Key trading partner Ned
- England was damaged by Spanish trade embargo in 1520s
- Only 70% of exports handled by British merchants

2

Exploration under Henry VIII

- Henry VIII not interested
- At the time Spain and Portugal were building large empires in Americas

3

Prosperity and depression during Henry VIII reign

- Poor harvests 1520-21 and 1527-29
- Debasement of currency 1540's led to inflation
- Massively rising population
- Efforts made to stop enclosure
- 1530s Act against Vagrancy was effort by Cromwell to aid social issues - punished idle vagrants but helped those who were incapable