Economic development during the reign of Henry VIII
- Created by: Christine
- Created on: 05-02-19 22:44
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- Economic development during H8
- Trade
- volume of English trade increase during first half of 16th century
- cloth exports increased, raw wood decreased
- increased wine import showcases increase spending power from bourgeois
- increased use of London ports had negative impacts on Bristol, Hull and Boston ports
- hard to compete against London
- 1550s-70% of cloth exports from English merchants, before this was mainly in foreign hands
- cloth industry operated largely on a domestic basis
- cloth trade greatest increase:westriding of Yorkshire,eastanglia and West Country
- growth of lead mining in high pennines, coal mining in northeast England and iron ore mining in Sussex
- Exploration
- H8 didn't build on achievementsCabot and Bristol merchants
- Robert throne increased exploration in Iceland and newfoundland
- Cabot didn't return to England from Spain until Edward
- England economically healthier under tudors than any other time since Roman occupation- Guy
- YES
- decline in mortality
- 1520s:arigcultural prices rose increasing framing income
- engrossing: joining two or more farms-increase efficiency
- debasement of the coinage caused short term boom in 1544-46
- NO
- bad harvests in 1520-21,27-29 caused increased food prices, problems for urban workers
- wages declined
- over half population of coventry and 1/3of Yarmouth had no personal wealth
- growing unemployment plus over 5000 migrants a year
- some people made homeless by enclosure
- YES
- Enclosure
- led to the poor being forced to leave homes
- Wolsey launched enclosure commission in 1517
- at least 188 defendants found to have been enclosed illegally
- legislation in 1534 limited sheep ownership and engrossing
- limited effectiveness against enclosure
- Population
- increased population strained food supply
- wages are stagnating at best
- population increased benefited wealthy farmers as food prices along with farmers wage increased
- society became polarised
- rich became richer and poor became poorer
- Trade
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