The Economy in Mid-Tudor England (AQA A-Level History): Flashcards

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The Economy in Mid-Tudor England
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England's population in 1470

1.5 million

England's population by 1603

4 million

England's population at mid-century

Nearly 3 million

Price rise across 16th century

400%

Price change 1500-1550

Doubled

Definition of inflation

Sustained increase in cost of broad range of goods/services

Five causes of Tudor inflation

Govt spending, debasement, bullion, harvests, land sales

Great Debasement period

1544-1551

Modern historians' explanation for inflation

Population expansion

Good harvest periods in 1540s

1537-1542 and 1546-1548

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