Please enable JavaScript.

Coggle requires JavaScript to display documents.

THE TUDOR ECONOMY - Coggle Diagram

- - - - cloth/woollen cloth = main industry - 80% of exports
      - great domestic and foreign demand for cloth
  - - - HVII wanted to promote trade as a source of wealth and a way to build up international alliances
      - Trade policies = opportunistic and incoherent but relatively successful
      - By end of 1509, 60% more wool was being exported to Europe than at the start of the reign
      - removed embargo on trade from Burgundy with Intercursus Magnus in 1496
    - - Wolsey used a trade embargo vs Spain in late 1520s as England had little money to fight with, but this poorly affected the cloth trade and coincided with the 1526 debasement