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Flashcards in Trade Deck (18)
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1
Q

When did Henry reduce Hanse privileges?

A

1487-89

2
Q

When was the trading treaty with Portugal?

A

1489

3
Q

When was the trade embargo with Burgundy?

A

1493

4
Q

When were letters patent issued to John Cabot?

A

1496

5
Q

When did Cabot discover Newfoundland?

A

1497

6
Q

When were Hanseatic privileges restored?

A

1504

7
Q

When and where was the Adventurers to the New Found Lands set up?

A

1506, in Bristol.

8
Q

When did Sebastian Cabot set out to find the North-West Passage?

A

1508

9
Q

How big did a ship need to be to receive tax concessions?

A

70 tonnes

10
Q

How much did raw wool exports decline by?

A

30%

11
Q

How much did cloth exports increase by?

A

60%

12
Q

How many ships did Edward IV and Henry VII have?

A

Edward: 10
Henry: 5

13
Q

What year were Hanse privileges confirmed?

A

1486

14
Q

When were the Navigation Acts passed?

A

1485-9.

15
Q

How did Henry increase English trade?

A
  1. Exploration.
  2. Reducing Hanse privileges.
  3. Encourage ship-building.
  4. Foreign treaties.
  5. Navigation acts.
  6. Legislation (acts to reduce smuggling, developed the Book of Rates.)
16
Q

Why was trade important?

A
  1. More merchant ships for defence.
  2. Cutting off trade could be used as punishment.
  3. Custom revenue was 1/3 of the crown’s income.
  4. Happy merchants would lend Henry money and not support pretenders.
  5. Making the Hanse less dominant is popular abroad.
17
Q

What proportion of the crown’s income was customs revenue?

A

1/3

18
Q

Why did Henry pass the Navigation Acts?

A
  1. Weaken the Hanseatic League.
  2. Get support from merchants.
  3. More ships = better defence.