Elizabeth economic development

Question 1

Internal trade

Answer 1

• internal trade exceeded foreign trade, biggest development was growth of coal from Tyne to Thames
• great houses built like Burghley house

Question 2

foreign trade

Answer 2

-wider range of foreign luxury goods imported suggests goods were affordable for a wider range of population
cloth trade was declining as Antwerp cloth market began declining in the 1550s

Question 3

Hawkins/Drake

Answer 3

• From 1562 acquired slaves in Africa that had been transported and sold to South America
• For second expedition in 1564, secured investment from Earl of leicester and Queen who supplied ships at a fee
• third expedition went wrong when he was blockaded in Mexico with only 2 ships being able to escape the Spanish blockade
• Colonized Virginia but useless as poor leadership, ill luck and Mary’s (and prioritization of policy with Spain (walter raleigh)
• Drake took over Spanish treasure ship in 1579 gaining 80 pounds of gold and 26 tons of silver.