Please enable JavaScript.
Coggle requires JavaScript to display documents.
economy under Henry VII - Coggle Diagram
economy under Henry VII
agriculture
population was around 2.2 million with the majority of people living in the countryside and relying on farming for living
-
evidence for a move towards sheep farming in the 1480s-90s due to the improved profitability of sheep farming brought about by the increasing demand for wool as the population grew and overseas trade developed
England could be divided into a lowland zone to the south and east and a highland zone to the north and the west.
mixed farming was the most common form of farming found in the lowland zone although pastoral farming predominated woodland areas
traditional manorial system of open-field husbandry was found in the grain-growing areas of the south east and the midlands
-
efficiency gains in terms of improved production and profitability came at a price for peasants who lost their access to land
trade
-
-
-
finished cloth was increasingly in demand and this led to the development of weaving, fulling and dyeing - this offered opportunities for rural employment to supplement agrarian incomes
-
an increasing proportion of finished cloth was exported via the merchant adventurers and this reinforced London's commercial dominance within the country and established the commercial axis with Antwerp which was seen as the commercial metropolis of Europe
the merchant adventurers could not achieve complete dominance of the trade industry as they were unable to overcome the trading privileges enjoyed by the Hanseatic league
other industries
-
tin was mined in cornwall, lead was mined in upland areas and coal was mined in Durham and Northumberland, iron ore was mined and smelted in the Weald of Sussex and Kent where there was a blast furnace as early as 1496
trade laws and treaties
-
biggest issue was the embargo on trade with the Netherlands in 1493 as a result of the insecurity brought on by Margaret of Burgundy offering support to Perkin Warbeck
-
exploration
English sailors were much slower to engage in exploration that the Spanish and the Portuguese who had opened up much of the world
John Cabot arrived in Bristol in 1494/95 at a time when Bristol fish merchants were looking for new fishing grounds
-
he located what became known as Newfoundland in 1497 and the following year didn't return and was presumed lost at sea
-
-