Alex- Henry VII and Overseas Trade
- Created by: alexthorpe972
- Created on: 02-12-18 15:13
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- Henry VII and Overseas Trade
- The Cloth and Wool Trade
- It accounted for over 90% of all foreign exports and therefore was the most important
- The Merchant Adventurers
- Controlled exports of English cloth
- Grew under Henry's rule due to his interest in English trade
- The Hanseatic League
- A powerful trading coalition of German cities
- 1489- the Hanseatic League's control over exports of English bullion was ended. However, this was restored in 1504, as Henry needed their support
- 1487- all foreign exports of unfinished cloth were banned by Henry
- The Cloth and Wool Trade
- It accounted for over 90% of all foreign exports and therefore was the most important
- The Merchant Adventurers
- Controlled exports of English cloth
- Grew under Henry's rule due to his interest in English trade
- The Hanseatic League
- A powerful trading coalition of German cities
- 1489- the Hanseatic League's control over exports of English bullion was ended. However, this was restored in 1504, as Henry needed their support
- 1487- all foreign exports of unfinished cloth were banned by Henry
- The Merchant Adventurers were used as a way to control the power of the Hanseatic League
- Merchants of the Staple
- Exported raw wool through Calais to be traded in Europe
- Due to the unstable relationship with France, the Merchants grew to be less significant
- The Cloth and Wool Trade
- The Merchant Adventurers were used as a way to control the power of the Hanseatic League
- Merchants of the Staple
- Exported raw wool through Calais to be traded in Europe
- Due to the unstable relationship with France, the Merchants grew to be less significant
- Henry's outlook
- He equated overseas trade with an extension of his power, so it was important to him
- It could lead to expansion abroad which would increase England's wealth
- Wealth meant more power for Henry
- It could lead to expansion abroad which would increase England's wealth
- No obvious pattern to Henry's trading; he was an opportunist
- It was always secondary to ensuring a peaceful and stable kingdom
- Trade with France
- 1486- a treaty between France and England was negotiated that would remove all restrictions on trade between the two, but it never came into effect
- Due to a quarrel over Brittany, the treaty failed
- Treaty of Etaples
- Fully negotiated and put into effect in 1497
- It was hoped that England would profit financially from the treaty
- It was hoped that it would signal an end to tense Franco-English relations.
- The French monarchy would no longer give support to English Pretenders
- Trade between the two was often used as a political 'bargaining chip'
- 1486- a treaty between France and England was negotiated that would remove all restrictions on trade between the two, but it never came into effect
- Shipping
- The Navigation Acts (1485 and 1489)
- Declared that English crew and ships must be used in certain trades
- Encourage English shipping, and decrease dependence on foreign ships/crew
- Important because English seamen were beginning to look to explore new lands
- Henry's reign started out with 7 ships, but this decreased to 5 in 1488. This number then did not change throughout the rest of his reign
- The Navigation Acts (1485 and 1489)
- Burgundy
- 1496- Intercursus Magnus was signed
- This allowed English merchants to trade freely throughout Burgundy except in Flanders
- Signed after Burgandy withdrew support for Warbeck (a pretender)
- Home of Margaret of Burgundy; relations were tense due to her dislike of Henry
- She supported pretenders to the English throne and harboured escaped English rebels
- 1493- trade embargo due to her support of Perkin Warbeck
- 1506- Intercursus Malus signed
- It gave English merchants so much power in Burgundy that it was never implemented
- 1496- Intercursus Magnus was signed
- Spain
- Pioneering overseas exploration to the 'New World'
- Led to exciting trade opportunities
- Marriage negotiations (Prince Arthur and Catherine of Aragon) led to trade talks; 1489- Treaty of Medina del Campo
- Never allowed the English to have as much access to trade with the 'New World' as Henry would have liked
- Pioneering overseas exploration to the 'New World'
- The Cloth and Wool Trade
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