Henry VII and trade

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  • Trade
    • Not that important
      • Made only £40000 pa - shows that he had better things to make money from.
      • Only had 5 ships at the end of his reign.
      • Relations were poor, Margret of Burgundy ruled and she disliked Henry which meant that trade with Burgundy was inconsistant as he thought political issues were more important.
    • Burgundy
      • Relations were poor, Margret of Burgundy ruled and she disliked Henry which meant that trade with Burgundy was inconsistant as he thought political issues were more important.
      • It was England's main trading relation due to the cloth and wool. Antwerp was the main developer of cloth and wool.
      • In 1493 there was a trade embargo due to Margret housing Perkin Warbeck.
      • in 1496 Henry signed the Great settlement with allowe him to trade anywhere in Burgundy(except Flaunders) freely.
      • By 1506 England had signed the Evil Settlement as part of the treaty of Windsor thta gave England such privalages that they never fulfilled.
    • France
      • Both England and France used trade as a bargaining chip in political issues.
        • Not that important
          • Made only £40000 pa - shows that he had better things to make money from.
          • Only had 5 ships at the end of his reign.
      • In 1487 France put restrictions on trade after England backed the Breaton independence.
      • In 1492 both countries agreed to reduce restrictions on trade in the treaty of Etaples.
      • France ended all restrictions on English trade to secure English neutrality in the Italian Wars.
    • Cloth Trade
      • Merchant Adventurers
        • Exported finished cloth from England
        • Increased under Henry as he tried to raise the money he was earing from trade.
      • Mechants of the Staple
        • Exported raw wool through Calais
        • Declined due to the on-off relationship with France.
      • The Hanseatic League
        • A powerful trading coalition of countries that were based in Germany.
        • Henry used the Merchant adventurers as a way to undermine the hanseatic League of whom he thought were a threat.
          • Merchant Adventurers
            • Exported finished cloth from England
            • Increased under Henry as he tried to raise the money he was earing from trade.
        • In 1487 Henry banned all foreign exports of unfinninshed cloth and in 1489 he ended the hansa's privaleges over the export of bullion from England until 1504 when he allowed all privaleges to be restored.

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