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Flashcards in Economic development Deck (3)
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1
Q

How was trade increased and disrupted (sen)

A
  • Wool exports increased by 100%
  • Key trading partner Ned
  • England was damaged by Spanish trade embargo in 1520s
  • Only 70% of exports handled by British merchants
2
Q

Exploration under Henry VIII

A
  • Henry VIII not interested

- At the time Spain and Portugal were building large empires in Americas

3
Q

Prosperity and depression during Henry VIII reign

A
  • Poor harvests 1520-21 and 1527-29
  • Debasement of currency 1540’s led to inflation
  • Massively rising population
  • Efforts made to stop enclosure
  • 1530s Act against Vagrancy was effort by Cromwell to aid social issues - punished idle vagrants but helped those who were incapable