The Tudor Dynasty, which lasted from 1485 to 1603, made big changes to England’s economy. Let’s look at some of these changes:
Better Farming Techniques: During the Tudor time, farming got better. People started using a method called enclosure. This meant that common lands were fenced off for private use. While this made farms more productive, it also pushed many small farmers off their land.
More Trade: The Tudor kings, especially Henry VII, wanted to increase trade. They created groups like the Merchant Adventurers and signed agreements like the Treaty of Windsor in 1497. These efforts helped England trade more with other countries, especially in the cloth business.
Growth of the Gentry: When Henry VIII closed down monasteries, many rich people called the gentry bought the land that used to belong to these religious groups. This new class of wealthy landowners started to invest in land and new farming methods.
Rising Prices and Economic Challenges: Silver from the New World, like treasures brought back by explorers, caused prices to go up. This problem, known as inflation, hurt many poor people during the late Tudor period and led to social struggles.
Changes in Money: The rulers of the Tudor period also made changes to money that affected the economy. For example, Henry VIII lowered the value of coins to pay for wars. This created temporary problems, making the economy less stable.
In summary, the changes that happened during the Tudor period set the stage for the future of England’s economy. They helped lead to capitalism and a more organized economic system.
The Tudor Dynasty, which lasted from 1485 to 1603, made big changes to England’s economy. Let’s look at some of these changes:
Better Farming Techniques: During the Tudor time, farming got better. People started using a method called enclosure. This meant that common lands were fenced off for private use. While this made farms more productive, it also pushed many small farmers off their land.
More Trade: The Tudor kings, especially Henry VII, wanted to increase trade. They created groups like the Merchant Adventurers and signed agreements like the Treaty of Windsor in 1497. These efforts helped England trade more with other countries, especially in the cloth business.
Growth of the Gentry: When Henry VIII closed down monasteries, many rich people called the gentry bought the land that used to belong to these religious groups. This new class of wealthy landowners started to invest in land and new farming methods.
Rising Prices and Economic Challenges: Silver from the New World, like treasures brought back by explorers, caused prices to go up. This problem, known as inflation, hurt many poor people during the late Tudor period and led to social struggles.
Changes in Money: The rulers of the Tudor period also made changes to money that affected the economy. For example, Henry VIII lowered the value of coins to pay for wars. This created temporary problems, making the economy less stable.
In summary, the changes that happened during the Tudor period set the stage for the future of England’s economy. They helped lead to capitalism and a more organized economic system.