Elizabethan Economy
- Created by: Calista1206
- Created on: 01-03-19 09:27
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- Elizabeth I: Economy
- Trade
- Pattern of Trade
- Value of internal trade exceeding foreign trade
- Growth in the shipping of coal from Tyne to the Thames
- Coal exported across the North Sea, developing trade with France
- Wider range of luxury foreign goods
- Cloth trade with the Netherlands declined
- Value of internal trade exceeding foreign trade
- Attempts to Expand Trade
- Guinea was the main centre of African trade
- Starting point of John Hawkins' move into the Americas - Invented the English slave trade
- Guinea was the main centre of African trade
- Pattern of Trade
- Exploration and Colonisation
- Prosperity and Depression
- Prosperity and Land
- Landowners benefited from economic trends
- Incomes rose
- Acquired a range of material possessions
- Overall increase in agricultural production, though bad harvests
- Landowners benefited from economic trends
- Prosperity and Trade
- Positive
- Ship building
- Negative
- Desperate search for new markets to offset the decline in cloth trade
- English financial institutions less sophisticated
- Positive
- Urban Prosperity
- Old established towns declined
- Decay in corporate boroughs who were dependent on cloth industry
- New urban settlements
- Growth of London as a port and industrial centre
- Detrimental effect on other towns and cities
- Depression
- Real wages fell
- Harvest failures
- 9 of 44 harvests poor
- Starvation in rural areas - North
- Conditions of the Regions
- South-east was the wealthiest
- Poorest counties in the North and West Midlands
- Main priority - public order
- Prosperity and Land
- Trade
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