HENRY VII CHAPTER 5 Economic development Flashcards

(33 cards)

1
Q

what can be said about england in the 15th century in coparieson to today england

A

. 15th century was far more regionalised than today and this was becauces 90 percent of epope lived in agragraian country side areas, the cloth industry emploed 1.3ercent fo the populatio or 30k , one in four harvest was bad whih cled to violent price fluctiations
population of 2.2 million
10% of populatio were urban dwellers
norwich pop of 10k bristol york and coventry 8-10k repsectviely

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2
Q

what was mixed farming

A

was a stystem of farming that involved the growin gof crops aswell as the raisng of livestock and animals

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3
Q

what was pastoral farming

A

farming involving the rearing of animals either for animal products such as milk egg or wool

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4
Q

what were comman rights

A

denotes to a tenants legal right of use for common lands , eg for keeping animals

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5
Q

what were merchents of the staple

A

incopretated by royal charteer in 1319 and they cotnrolled the export of wool the staple was based at calais but the eventual delcine of wool decreased the companys importance

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6
Q

whart was the hanseatic league

A

a group of free cities originating in the 13th century whihc came otgether itht the inent of contorlling baltic trade , dominated all comericsl activity in europe

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7
Q

what csnbe said abou thte changes in the profitablities of agragarian lands and whyt was this brought about

A

income from lands fell as a result of the blck death or the 1300s and early 1400s thouugh it had been suggested there was somewhat of a recovery in thw 1480s and 1490s , as the pop begn ot increase again there was a greater movment towards sheep farming in the 1480s and 1490s , this was a reflection of the falling profitablity of crop farmming but also the increased demand for sheep and wool farming as trade began to grow

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8
Q

how could england be agragarianly divided

A

largely agricutlrual england was divided into a lowland south eat zone and a hihland norht west zone, mixed farming was common in the lowland alrhough pastorla farming doinated in the woodlands. and speicalisms sucha shorse breeding in the fenlands.

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9
Q

what was open husbandry and where was it fdound

A

a manorial system found in south east and east midlands and it was the from of landowning that predominated in most of lowland england , manor was a strip of land in whihc famrers could enjoy common use for farming and enjoyed common rights but the system came under the increasing enclsure pressures

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10
Q

how were some areas in south east and east midlands expierecning deep agricultural change

A

with the wool and cloth trade to burdegs and antwerp making sheep and wool cloth trading far more profitable , but these effiecnecy gains came at a price to common pheasents who lost access to their land and common rights a d were often lft destirue in the process , underwent minium significant chsnges with gricuture as whole

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11
Q

what was the singifacne of the clth trade in the period and how much did it increase in henry vii reign

A

cloth trade responsible for around 90 % of english exports in the time period and the trade flourished in the last 1/4 of the 15th century aand it is estimated that therr was over a 60% increase in the volume of cloth exports during henrys reign

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12
Q

how did rule used to get exported and what type was now dominating

A

it was earlier bulks of raw wool that woul dbe exported from york or boston down to calais by the merchsnts of the taple but this chsnged as it was now finished clith that dominted the trade

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13
Q

what did the increase in finished clth being exported involve and how dd it impact industrys and jobs

A

the cloth beofre being exported was weaved and dyed as d omestc snd commerical process and this was usaully done in rural towns and cities and meant that agragarian incom ecould be supllemeneted further increasing the profitablity of the wool industry for commoners.

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14
Q

explain some towns thart suffered or benefitted from the cloth trade

A

lavennham suffolk , lewes were both exteremely prosperous as a result of this newfound cloth finishied trade .
however historic cities like winchester and lincoln suffered a signifcant decay in profit as the cloth inutry moved towards new manufacturing centres in smaller towns and villeges in east anglia , the west riding of yorkshire and the weztc ountry

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15
Q

what was happening wth london in relation to the cloth and wool inudtry and how did it connect it to europe

A

an increased porportion of the finishe dclth was no being transported to london whihc only increased londons riches and commerical dominance which led to the establishmnet of commrical axis with antwerp that was t the time the commercial metropalis of europe and its main money market from antwerp english clth was transported all over europe

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16
Q

what were the merchent aventururers

A

founded in 1407 and dominated by mercers company the wealthiest and most influencial company of the city of london, they wer a trading organsation whihc dominated the cloth trae wih anstwerp , it matche the doianction f the wool trade by th emerchants of the staple , they had positive raltions with the industry and even helpd advise the kig on the terms of the intercursus magnus and malus aswell as this they had become the most powerful english business organisation of the age

17
Q

why coul dthe merchnt adventures not ever achieve complete trade domination

A

they were unable to voercome trading rvellages had by the hanseatic lwagu ewhere the kng even sacrified ssome of engliands comerical trad by a reincfoecement of a treaty with the league to stay aeay from britain and not interfere with the yorkist , this was an overblown decision by the king as the de poles were a small threat to sacrifise englands commerical inerests for

18
Q

what was englands genreal postion with toher types of trade and give exmaples of what other countries dominated

A

england were realtively dependant on the cloth trade for their exports as there other ndsturys were small and unable to compete with their competitiors
> germany and bohemia supeiror in mining snd metargurgy and psnaish porutgese and duthc superior in ship nuilding

19
Q

what were most of englands industrial scitivies like

A

small sacel industy such as brewing or weaving that reuquired very little amounts of capital investment, most operations suppied the basic nesccesities for life

20
Q

what was mning like in england

A

mining was relatively small scale but still required some capital anvesntent and ;
tin mined in cornwall
lead n upland areas sucha s high penines
coal mined in durham and norhtumberland
iron ore mine and smelted in high weild
coal from newcaslte shipped down to london to meet growing demands aswell ther was a malle export trade to germany and netherlands

21
Q

explain the major trad elaws and treatys in the period

A

1486; confirmed rights of hanseatic league whic limeted english trade power but in trade for antional seucrity incase they helped yorkists
1492; re initted cloth to france
1493 trade embargo witht htn entherlands because he was scard about the insecurity around margeret of burgundts support for perkin warbeck, merhcnats were required to rade thorugh calais
1496; intercursus magnus or great intercurus which lifted trade embargo merchsnts from england coul dnow trade anywhere in burgundy apart from in flanders
1506. interucrus smalus reneoggt4d treaty sfter inseuctiry around phillip ferdiandnand juanna , never fully in opperatin
1485-89 navigation acgts that henry passeed to encourge english shipping by trying t make it so thsy nly english ships could carry certain products to and from english ports and such leglistion nly had limited usefull ness

22
Q

context of exploartion in the 15th cntury

A

people were now convinced the earth was round and wanted to expoer more and poruguese and spanish explorerers had opened up the most o fthe world to trading
portuges expoerers 1498 foun droute down africa to get a direct seas route to india
demand for luxurt good and servieces was higher than supply

23
Q

what were the peopl ewanting transatlantic explertion n england

A

despite being slow i comparison to europe , bristol sailers anf mervhsnt seamen were interested in hte possiblity of new transatlantic discovrty
due to his resetent of venices control in muc of the trade and spices henry vii was prepared to support exploers who believed that a new route to the east could be found by sailing westward , he patronied john cabot in his voayage to new foundland

24
Q

where was cabot from and what was his expoeience i exploration before england

A

he was a native of genoa italy , he was involved in the venice spice trade and he als o designed harbours in spain before arrivng in birstol in 1494-5

25
what authrsation did henry give john cabot
he was authrised in the form of patronage by henery where this emant he was nedorsed to go and find any unknown or undeiicorvered land that coul db e used
26
what did john cabot then do
he disocvered newfoundland asfter sialing and came back t report his fining s but it was barely actully used and he then went on a second expbigiotn whihc he never even came back from as he died at sea
27
what was cabots reason for believing in a more northern route to the ameircas
a susbsancial landmass in the form of the ameircas did infact exist in reasnable distsnce from europe and he believed he coul dail there and connect to america
28
why did exporation in the north atlantic fall of during henry viii reign and what were the impacts of this
sebastion hi son siscoeed him and went and found husdson bay but when he returned the king had died and his son had no interest in such voyages and the consequunces of this were that engla dmissed out on becoming a successfull nation of exploeratio and they werent consdered on eof europes key powers as a reuslt of this, the english disovered fishhing grounds were jus toverrun but seamen from portugal and the basque country of spain
29
what csn be said abou tprices during henrys reign
prices remained relatiely low and stble ad ther was little inflaitonary pressure , infact there wasa tmeproary risedue to a bad 1480s harvest but that was it
30
what hapened to wages in hnerys reign
remained incredbly simlair throughout henrys reign but notibelle influences in spending power can be cofund as reuslt to taxation whhc took money aay from the peope
31
what happened with the prices of exports in this era
exports of grain and wood price fell due to a decreaeed profitibality of the industry and a decline in demand for it , a rise in real inc omes fr domestic consumers
32
how were icnomes and standrasrss of livng in the period
rises in icnomes in real terms as inflation ws low and the economy was relitively stsbe as commerner exploted commn rights to profit of oof farming building and agricultural workers were better of than ever befor ein the time periodd
33
summary of economic develpoment / economic state in the reign f henry vii
the reighn of henry vii was one of great economic stablitiy apart form temporary dirsruptioons to anglo netherlnads rtrade witht hehhanseatic league , ansd the economy remained ona n 90 % agricutlural basis , dynastic influences however were always prioraised ofver commercial ones