Elizabeth Trade + Exploration

Question 1

Internal trade vs. External

Answer 1

Internal trade was greater than external
Eg. Coal from Newcastle to London

Question 2

In the 1590s what % of cloth exports went through London?

Answer 2

93%

Question 3

What happened to cloth trade with Netherlands? What did this lead to?

Answer 3

Declined, embargo’s in 1563-4, 1568-73, 1586-8
Forced English merchants to seek out new markets eg. Hamburg

Question 4

Where was trade extended to overseas?

Answer 4

Germany (due to war with Spain)
Russia
Turkey
East Indies

Question 5

Where did trade routes extend in 1560s?

Answer 5

Baltic (Hanseatic League lost privileged status)
West Coast of Africa

Question 6

What did John Hawkins introduce?

Answer 6

Trade routes through Africa and the Americas
3 expeditions acquiring slaves 1568

Question 7

Why was John Hawkins 3rd expedition a failure?

Answer 7

Despite being backed by Elizabeth
Spanish fleets blocked English in port of San Juan Ulua

Question 8

Sir Francis Drake

Answer 8

Elizabeth knighted Drake to circumnavigate the globe 1577-80
Made 4000% profit

Question 9

When did Lancaster Sail around Africa? What did he achieve?

Answer 9

1591
Captured 2 Portuguese ships

Question 10

Muscovy company

Answer 10

Trade with Russia + Northern Europe
Failed due to competition with the Dutch

Question 11

Eastland Company

Answer 11

1579
Baltic Trade
Limited impact

Question 12

Levant Company

Answer 12

1581
Trade with Ottomans
Successful

Question 13

East India Company

Answer 13

1600 to trade with Asia
Difficulty competing with Dutch in short term
Laid ground work for imperial domination of India

Question 14

Walter Raleigh

Answer 14

Gained investment from Walsingham + Queen to colonise Virginia
Initial success but not sustained