Tudor Economy Timeline

Henry VII

Navigation Act

1485

An attempt to encourage English shipping by trying to ensure that only English ships could carry certain products to and from English ports.

Export of unfinished cloth by foreign merchants banned.

1487

Finished cloth dominated the trade and led to the development of weaving, fulling and dyeing, hence meaning unfinished cloth was banned to try and increase Henry’s personal wealth gained from the trading of cloth - especially as cloth was 90% of the value of English exports.

Second Navigation Act

1489

Trade Embargo with the Netherlands

1493

Banned trade with the Netherlands as a result the fear and insecurity brought by Margaret of Burgundy’s support for Perkin Warbeck. Instead of trading with the Netherlands, merchants were required to direct their trade through Calais.

Intercursus Magnus

1496

Trade agreement to solve the issues of the trade embargo Henry had started with the Netherlands. However only confirmed by Philip of Burgundy in 1499.

Intercursus Malus

1506

Henry attempted to reimpose an embargo following the claim of the Earl of Suffolk was being taken seriously around Burgundy - yet full terms were never imposed.

First Invasion of France

1512

Taxation was increased in this year to fund for the ward with France, which created some upheaval against the idea.

Battle of Flodden

1513

In September 1513, the largest battle (in number of troops) between England and Scotland took place. The battle took place in Northumberland, just outside the village of Branxton hence the alternative name for the battle, the Battle of Branxton. Prior to the battle, the Scots were based at Flodden Edge, which is how the battle became known as the Battle of Flodden.

Second Invasion of France

1513

Bad harvests

1520 - 1521

Led to temporary, but significant, increases in food prices.