HVII Economy Key words

Question 1

Common rights

Answer 1

Denotes the legal right of tenants to use common land e.g. for keeping animals

Question 2

Embargo

Answer 2

Official ban on trade, HVII placed on one burgundy

Question 3

Enclosure

Answer 3

Land enclosed with fences and hedges, wealthy farmers bought land from poorer ones

Question 4

Engrossing

Answer 4

Amalgamating small farming units into a larger one

Question 5

Hanseatic League

Answer 5

A group of free cities originating in the thirteenth century, which came to form a commercial union to control trade in the Baltic Sea

Question 6

Intercursus Magnus

Answer 6

Trade agreement between England and the Duchy of Burgundy, restoring normal trade links

Question 7

Intercursus Malus

Answer 7

Trade agreement from 1406, not fully operative but was restored through the Intercursus Magnus

Question 8

Merchant Adventurers

Answer 8

Most powerful business organisation, dominating cloth trade and helping the king negotiate the intercursus magnus

Question 9

Merchants of the Staple

Answer 9

Controlled the export of wool until the decline of the wool trade

Question 10

Mixed Farming

Answer 10

A system of farming which involves growing of crops as well as the raising of animals as livestock

Question 11

Navigation Acts

Answer 11

1485 + 1489, to encourage English shipping by ensuring only English ships to carry certain products to and from English courts

Question 12

Pastoral Farming

Answer 12

Darling involving the rearing of animals, either for animal by-products like milk, wool, eggs or meat