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Flashcards in Foreign Trade Deck (10)
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1
Q

Income from customs revenue rose from ____ in 1485 to ____ in 1509

A

Income from customs revenue rose from £33,000 in 1485 to £40,000 in 1509

2
Q

What were Henry’s successes in trading with Burgundy?

A
  • Magnus Intercursus ended embargo in 1496
    • Merchants could sells goods wholesale anywhere bar Flanders
    • No tolls/customs
  • After Philip shipwrecked in 1506 signed Malus Intercursus
    • Trade with Burgundy free
    • No duties on English cloth
    • Not to exclude English cloth from lands
    • Still had to pay Magnus duties
3
Q

What were Henry’s failures in trading with Burgundy?

A
  • Embago 1493-6 due to Margaret’s support for Warbeck
    • Trade moved to Calais
  • Malus unfair + unpopular
    • Prev. state of affairs under Magnus restored by 1507
4
Q

What were Henry’s successes in trading with Spain?

A
  • 1485-6 Navigation Acts limited foreign control of English trade
  • 1489 Medina del Campo
    • Ended restrictions
    • Both sides equal rights
    • Fixed low duties
5
Q

What were Henry’s failures in trading with Spain?

A
  • Initially confirmed Spanish exemption on import duties of English goods paid by other foreigners
  • Retaliated to Nav. Acts by forbidding export of Spanish goods on foreign ships if Spanish ones available
  • Despite Medina del Campo did not allow access to trade in New World as Henry had hoped
6
Q

What were Henry’s successes in trading with the Italian states?

A
  • Retaliated against Venetian duties by imposing heavy duties in return
  • Signed treaty with Florence in 1490
  • Led to establishment of English staple in Pisa + limited sale of Eng. wool in Venice
  • Venice enemy of Florence so dropped duty. Favourable position continued due to preoccupation of Italian Wars.
7
Q

What were Henry’s failures in trading with the Italian states?

A
  • Trade in Med. dominated by Venetians who imposed heavy duties on Malmsey wine going from Levant to England
  • This was later rectified, see other card*
8
Q

Outline the importance of trade with the Hanseatic League

A
  • Most important area for trade bar Burgundy
  • Group of German ports + cities that controlled most of Baltic trade
  • Gained many priviledges from Edward IV in 1471 (e.g. lower taxes) after supplying with ships to regain throne after being deposed by Henry VI in 1470
9
Q

What were Henry’s successes in trading with Hanseatic League?

A
  • Tried to bypass Hanse + gain direct access to Northern trade through treaties with Denmark + Norway in 1489 + 1490
10
Q

What were Henry’s failures in trading with the Hanseatic League?

A
  • Tried to limit priviledges through Nav. Acts by little impact
  • Attempted treaty with Riga to bypass (as with Den. + Nor.) in 1499 by collapsed after they joined League
  • Forced to restore priviledges had under Edward IV after 1504 due to dynastic concerns
    • Feared they would support Edmund de la Pole as they had supported Yorkist Edward IV