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Economy - Coggle Diagram
Economy
Trade
Broadcloths and cheaper fabrics such as kersey ( a lighter woolen cloth) were exported through London, although foreign merchants controlled much of this trade until the 1550s
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The most important export was cloth, and exported almost doubled during henry VIII’s reign
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English trade increased during the first half of the 16th century with the encouragement of the crown
They traded in finished cloth which was sent to their base in Antwerp for dyeing and finishing, anf they also controlled trade with north west Germany,
Other exports included included Cornish Tin hides and furs while wine was increasingly imported from the continent , reflecting the changing tastes and wealth of the social elites
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Exploration
Henry VIII made no attempt to build on the achievements of Cabot and the Bristol merchants at the end of the 15th century
Robert throne a Bristol trader, continued his involvement in an inceland and Newfoundland fishery but other merchants failed to procure royal support for exploration
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