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Exploration and Trade Under Henry VIII (Trade (70% of trade was carried by…
Exploration and Trade Under Henry VIII
Trade
70% of trade was carried by English merchants but foreign merchants still made more
increase in cheap fabric such as Kersy
Trade mainly London to Antwerp
London became main trading export and had negative effect on other port such as Bristol
increase in Wine export meaning that the gentry and nobility had growth in purchasing power
gentry and nobility benefited from the sales of the monastic lands EG- William Stumpe MP dissolution of monasteries owned the Abbey House
Southampton had boom in trading with Venice
Yorkshire and East Anglia had boom in woollen industry
there were minor business which did dyeing and fulling, children carding, women spinning, men weaving
there was blast furnace in Kent with made Iron ore totalled to 26 by mid 30's
growth of tin and mining
Exploration
Henry uninterested about exploring
fishers from Bristol carried on exploring despite finding Newfoundland
Prosperity and Depression
Prosperity
John Guy suggests England was economically healthy
agricultural prices rose which meant farmers income rose and this was also primarily due to engrossing
debasement of the coinage led to an artificial boom
population grew with meant there was decline in infant mortality rate
Depression
bad harvests from 1527-29 and food prices rose
engrossing meant poor people had to leave their home and despite Wolsey tried to reduce this through legislation he found 188 illegal cases but engrossing was popular and tried to limit people having sheep but little effect
growth of unemployment amongst urban workers as they relied on mining and tin
debasement of coinage last effect although minor boom still affected in the long run