Henry VII - Economic Development

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What was the name of the Burgundian port that was the centre of the European cloth trade?
Antwerp
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When did Henry enact a trade embargo w/ Burgundy?
1493
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Why was the trade embargo enacted?
Bc/c Maximillian supported Perkin Warbeck
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When was the Intercursus Magnus signed?
1495
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What did the Intercursus Magnus allow England to do?
Trade w/ all parts of Burgundy except Flanders
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When was the Intercursus Malus signed?
1506
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What was the outcome of the Intercursus Malus?
Never signed - gave English merchants too many privileges
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What did Henry VII use to undermine the Hansa League?
Merchant Adventurers
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What did Merchant Adventurers do?
Exported finished cloth from London + limited rights of foreign traders
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When did Henry ban the export of unfinished cloth by foreign merchants?
1487
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When did Henry end the Hansa League's control of bullion exports?
1489
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When did Henry restore all the privileges of the Hansa League?
1504
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Why did Henry restore the Hansa League's privileges?
To gain custody of Duke of Suffolk, a Yorkist fugitive in Germany
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Why did France restrict trade w/ England in 1487?
Because Henry backed Breton independence
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When was the Treaty of Etaples signed?
1492 (w/ France)
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What did France and England agree to do as part of the Treaty of Etaples?
Reduce trade restrictions
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When was the Treaty of Medina del Campo signed w/ Spain?
1489
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Why did England fail to develop a positive trade relationship w/ Spain?
Due to Spain discovering and controlling trade in the Americas in 1492
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When was the first Navigation Act introduced?
1485
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What did the First Navigation Act do?
Made it so that English ships + crew had to be used in certain trade
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Why was the First Navigation Act unsuccessful?
Shipping ↓ by 1488
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When was the second Navigation Act introduced?
1489
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What did the second Navigation Act do?
Limited foreign trade and wool exports
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Why was the second Navigation Act unsuccessful?
1509 - ½ trade still carried out on foreign ships
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Why was the second Navigation Act successful?
There was still a rise in use of English ships
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Why was the cloth trade important to Henry VII?
It made up 90% of all English exports
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In what way was Henry succesful in expanding domestic trade?
Introduced new gold/silver designs
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In what way was Henry unsuccesful in expanding domestic trade?
Open field system declined as a result of enclosure
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When was a General Act passed againt enclosure?
1488
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Why did France end restrictions on trade w/ England in 1495?
To secure their neutrality in the Italian Wars
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Other cards in this set

Card 2

Front

1493

Back

When did Henry enact a trade embargo w/ Burgundy?

Card 3

Front

Bc/c Maximillian supported Perkin Warbeck

Back

Preview of the back of card 3

Card 4

Front

1495

Back

Preview of the back of card 4

Card 5

Front

Trade w/ all parts of Burgundy except Flanders

Back

Preview of the back of card 5
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