Affluence vs Poverty
- Created by: palazlifatmanur
- Created on: 07-02-16 19:17
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- Why people became better off
- Buying monastery lands and renting them out to farmers
- Using land for rearing sheep, mining coal or making iron
- System of Patronage gave important jobs in government
- Marrying into a richer family
- Investing in overseas voyages or new trading companies
- Rising food prices helped land owners and farmers make bigger profits
- Why poverty increased
- More silver in Europe- decrease in value
- Monopolies
- Inflation- wages didn't keep up with rising prices
- Wars- expensive- less money for other things
- Henry VIII's debasement of coinage increase in value
- Dissolution of monasteries- monks used to help the poor
- Rising population
- Collapse of the cloth trade- less jobs in popular industry
- Changes in farming (enclosure)- farmers have to pay for land
- Rack renting- raising rents on poor farmers from rich owners
- Bad harvests- less food means higher prices
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