Capital Investment and the Growth of National Markets

investment in new techniques, modernisation and buying land to make larger holdings

became more affordable after 1650 as population growth slowed and deflation occured

shift towards larger farms → 1600 = 32.2% of agricultural land was over 100 acres in South Midlands vs 53.6% in 1700

management of farms delegated to tenants, who paid high rents → capital investment

What caused the growth of national markets and made their development possible?

population growth led to increased demand for food which meant the traditional markets were no longer suitable
shipments of grain in London increased from around 6m in 1605 to 14m in 1661

What changes did the development of national markets lead to?

improved infrastructure alongside specialist merchants who could source stock to be taken to the market
market gardens developed in the vicinity of London

How significant was the growth of national markets?