Explain Why Henry Vii Promoted Overseas Trade Essay Sample
Henry VII promoted abroad trade for assorted grounds. England’s’ most popular export was wool and cloth. advancing abroad trade England would profit financially. it was a technique to acquire more foreign support and besides to procure Henry from impostors. England’s chief export was wool and woolen fabric. The wool and cloth trade accounted for 90 % of all exports which meant that England was able to acquire more royal gross from merchandising with states such as Burgundy. Henry VII developed on the export of natural wool to the export of wide fabric ; he besides used the Merchants adventurer to restrict the trading rights enjoyed by foreign bargainers in England this was used to sabotage the Hanseatic League enabling England to thrive. Furthermore by advancing overseas trade it allowed Henry to utilize trading footings as a bargaining bit and a manner to procure his place on the throne of England. In 1493 the clip when Perkin Warbeck tried to portray one of the princes in the tower. Henry banned all English trade with Burgundy after Maximilian backed the impostor. The fact that Burgundy relied on England on their exports meant that Burgundy had to retreat their support and inquire Warbeck to go forth.
Henry knew if Warbeck managed to successfully derive foreign support from any state he would hold the possibility to be overthrown so by making this he cutely removed a possible menace. In add-on Henry signed the pact of Etaples with France. the most ascendant state which had the biggest opportunity of subverting Henry ; they used trading as a signifier of bargaining which meant their trading dealingss were inconsistent. By subscribing the pact of Etaples it meant that France was non allowed to endorse any Pretenders and both states had to hold to cut down limitations on trade. Their relationship improved significantly and it besides led to France in 1495 to stop all the limitations to procure English neutrality in the Italian war.
Henry besides modified the policies he had set. to restrict Hansa’s privileges and their control of the exports of one million millions from England. so when he needed the Hansa’s support to procure his kingship because of the fact he could non afford to pique such a powerful involvement group. He farther manipulated the trading privileges when he gave back all the Hansa’s privileges in return for the detention of the Earl of Suffolk ( a Yorkist runaway ) . Henry besides backed the ocean trip of Cabot to derive financially ; Henry could state that there was money to be made in geographic expedition ; Henry sponsored the ocean trip of Cabot in understanding that if any lands were to be discovered it would be named after Henry. This would better Henry’s place on the throne and enable him to be much more powerful. In decision Henry VII promoted overseas trade to utilize to his ain advantage it was to profit him financially. and besides a manner to barter with other states so they would non back up impostors he managed to significantly cut down the hazards to his throne.
