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England 1509–58

Economic and social problems of the period

  • 3 things to know
  • AS Unit 1

Overview

Debasement of the coinage, two causes of inflation in this period besides debasement and sweating sickness.

What you need to know

Answer each one before you reveal it.

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Key term

Why did the Crown debase the coinage in the 1540s?

Key term

What effect did debasement have on prices?

Key term

Name two causes of inflation in this period besides debasement.

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What was debasement of the coinage?

    Model answer

    Debasement was the reduction of the silver content of coins while their face value stayed the same, allowing the Crown to mint more money from the same bullion.

  2. 2

    Why did the Crown debase the coinage in the 1540s?

    Model answer

    Henry VIII's wars against France and Scotland cost far more than ordinary revenue and the monastic sales could cover.

  3. 3

    What effect did debasement have on prices?

    Model answer

    Debasement drove sharp inflation, since more coin chased the same goods and merchants raised prices to protect the real value of their takings.

  4. 4

    Name two causes of inflation in this period besides debasement.

    Model answer

    Population growth pushed up demand for food and land, and a growing supply of silver from the New World raised prices across Europe.

  5. 5

    What was enclosure?

    Model answer

    Enclosure was the fencing of open fields or common land into separate holdings, often to keep sheep rather than to grow crops.

  6. 6

    Why was enclosure resented?

    Model answer

    Enclosure removed the common grazing on which poorer households depended and could reduce the labour a holding needed, driving families off the land.

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