Prosperity and depression

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5 Terms

1
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What happened to prices?

Remained steady

2
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When was there a temporary rise in prices?

1480s

3
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What started to decline in the 1490s?

Export price of wool and price of grain and animal products

4
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What did the declining prices imply?

Reduction in farming profitability and rising real incomes for domestic consumers

5
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Who were better of in the 1490s than the rest of the Tudor period?

Building craftsmen and agricultural labourers