HVII - Economy Flashcards Preview

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Flashcards in HVII - Economy Deck (9):
1

What was the population at the start of the 15th century?

2.2 million

2

Why did the profitability of sheep farming increase?

Increasing demand for wool, as the population grew and trade overseas developed

3

What % of trade was the cloth industry responsible for?

90%

4

What group limited the trading of merchants?

The Hanseatic league, which controlled trade in Northern Europe

5

Why did Henry reassert the treaty with the Hanseatic League in 1504 despite it limiting trade?

He had to make sure they wouldn't support the Earl of Suffolk

6

Why did Bristol merchants have to look for new fishing grounds in 1495?

The Hanseatic league prevented them from fishing in Icelandic waters

7

Where did John Cabot discover in 1497

The Newfoundlands

8

In the 1480's did wages and prices increase, decrease or remain steady?

Remained steady

9

Which groups were better off during the 1490's that they would be at any other time during the Tudor period?

Building workers and agricultural workers