Henry VII - Economic Development Flashcards
(12 cards)
What was the population of England in Henry VII’s reign?
Around 2.2 million
What was the population of London in Henry VII’s reign and which percentage of the population actually lived in urban areas?
The population of London was around 50,000 and 10% of the population lived in urban towns
What was the main industry in urban areas?
Wool and cloth
What does the move from crop farming to sheep farming suggest?
Less profitablity in crop farming and improved profitability of sheep farming due to rising demands of wool from the cloth industry
Why did peasants begin to lose access to land and common rights?
Due to the improved production and profitability of sheep (enclosure), though this was not yet very significant in Henry’s reign
What was the % increase in cloth exports during Henry VII’s reign?
Over 60% increase
Who were the Merchants of the Staple?
Merchants based at Calais which controlled the export of wool
Who were the Merchant Adventurers?
Merchants that controlled the export of cloth from London, therefore reinforcing London’s dominance. Henry used their expertise for the Intercursus Magnus and Malus
Which group undermined the growth of the Merchant Adventurers?
The Hanseatic League which was reasserted by a Treaty by Henry VII in 1504 to ensure they wouldn’t support the Earl of Suffolk (presented a very small threat)
When did Henry VII embargo Burgundy?
1493
How did the 1492 Treaty of Etaples benefit trade?
It removed trading restrictions
What did the 1485 and 1489 Navigations Act seek to do?
Ensure only English ships could carry certain products to and from English ports
