Henry VIII - Economy

When did the Spanish first circumnavigate the globe?

1519

Henry only invested in one Bristolian trade ____ ____ to be involved in Iceland and Newfoundland fisheries,

Robert Thorne

In (___) Henry sponsored ___ ___ to sail to the West Indies

• 1527

• John Rut

Sebastian cabot remained in ____, only visiting England ___ to assist with ______-

• spain

• twice

• map-making

Exports in wool increaced by ___% under Henry VIII’s reign

100%

From the 1550s, over __% of trade was done in the hands of English merchants, although before this it was mainly dominated by foreigners.

70%

England was economically behind other nations, with the Bourse being established in Antwerp in ____

1531

Strong demand for English wool was fueled by the invention of ____, which was a far lighter cloth than the traditional broadcloths

kersey

evidence of the import of ____ shows the growth of a wealthy elite.

wines

when was Wolsey’s trade embargo on Charles V?

1528

Blast furnaces in Kent grew up to __ and helped fuel the rising industry in iron ore smelting

26

Wool exports were predominantly from London, leading to the decline of ____ and ___

• Bristol

• Hull

______ saw a boom from trade with Venice

Southampton

There was an artificial boom in prosperity due to the debasement of the coinage in the years ____-__

1544-46

From 1500-1525, food costs increaced by __%, and doubled over the course of Henry’s reign

60%

Urban poverty greatly increaced, with __% of coventry and __% of Yarmouth having no personal wealth.

• 50%

• 30%

Real wages declined by __%

12%

The population of London increaced each year by ____, leading to a problem of homelessness for some.

5,000

Enclosure was a moral, rather than economic problem, as outlined in More’s Utopia (__)

1516

Although Wolsey launched a commission into enclosure (___) he ended up convicting less than ____ landowners

• 1517

• 200

Legislation against enclosure in (__) and (__) had very limited results.

• 1515

• 1534