HVII - Economy

Question 1

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

Answer 1

2.2 million

Question 2

Why did the profitability of sheep farming increase?

Answer 2

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

Question 3

What % of trade was the cloth industry responsible for?

Answer 3

90%

Question 4

What group limited the trading of merchants?

Answer 4

The Hanseatic league, which controlled trade in Northern Europe

Question 5

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

Answer 5

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

Question 6

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

Answer 6

The Hanseatic league prevented them from fishing in Icelandic waters

Question 7

Where did John Cabot discover in 1497

Answer 7

The Newfoundlands

Question 8

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

Answer 8

Remained steady

Question 9

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

Answer 9

Building workers and agricultural workers