Queen Elizabeth also advanced England’s economy, mostly by engaging in a wider world market. Under her rule, two of the most famous British trading monopolies developed: The Levant Company and the British East India Company. The Levant Company traded in the Ottoman Empire, and rivaled and surpassed the Dutch tea trade companies, boosting the English economy. The goal of the British East India Company was to control spice trade with the East Indies and eliminate any competition with the Spanish and Portuguese companies. British merchants sailed to the Far East and the Ottoman Empire to gather spices for tea and seasoning and quickly made successful trade businesses that contributed to the growing English economy. England also found economic …show more content…
However, growing imports to the country required more exports from the country as well to avoid a trade deficit. Fortunately, colonies in the Americas helped to produce essential resources, such as cotton, rice, and other valuable cash crops, used for both English exports and domestic use. Slaves in American colonies helped to boost the English economy by efficiently producing more of these goods, especially harvesting cotton and tobacco, with lower costs. However, one drawback was that American slavery was uniquely associated with race, and racism later became an issue throughout history that continues to be a problem today (Royal Museums Greenwich). The world trade network created by Queen Elizabeth aided in the creation of ties between the English empire and other parts of the world. Trade also factored into the creation of alliances in times of conflict, but could be responsible for inducing wars due to competition for resources and trade …show more content…
Spain and England, the two main rivals in sixteenth century Europe, constantly fought with each other. When England defeated Spain in the Spanish Armada, the English empire became more powerful because of the lack of competition. The two nations had contrasting approaches to foreign policy; King Philip II of Spain incorporated religion as rationale in his foreign policy, while Elizabeth aimed to keep the Church separate. As a Catholic nation, Spain had become distrustful of England after Henry VIII’s divorce and excommunication; divorcing Catherine of Aragon (who was Spanish) cut off the marriage alliance between the two countries, and the King of England’s excommunication from the Roman Catholic Church strongly conflicted with Spain’s beliefs. Elizabeth’s religious policies did not help the situation either, as she not only supported a Protestant England, but also supported the Protestant rebellion against Spain in the Netherlands (Sommerville). In an attempt to create a new alliance between the countries (and to stop England from gaining power), King Philip II requested a marriage to Elizabeth, but he was denied. Although there is no definitive proof, this also could have added to the tension. The rivalry intensified after England became a threat to Spain’s economic gain, leading to violent conflicts and eventually the infamous battle in 1558 with the Spanish
Much like it did during the slave trade, Britain obtained numerous valuable materials through trade and many found jobs in shipbuilding. In conclusion, the slave trade was the most important factor to the development of the British economy in the 18th century. Although the industrial revolution and trade with empire countries created many new jobs, the slave trade created jobs from shipbuilding to factory work and resulted in Britain earning many new useful materials. It also greatly improved British ports, as the money made was used to build expensive new
For example, Virginia was originally supposed to find gold. Once that failed, they tried to plant silk and citrus fruits, which also failed. Eventually, Virginians planted tobacco which grew successfully and they were able to sell tobacco at a high price. Cash was scarce in the colonies, so most people traded goods or used personal credit, a system where each person wrote down debts they owed to different people. In the beginning, the economy was almost entirely English based.
Suddenly, everyday items were in unbelievable demand, which set the supply that industries needed to meet at a comparably high value. From an economic standpoint, a blaring issue would be that a rapid increase in both demand and supply would drive down the price of a good, which would decrease the amount of money fueling the economy. Beyond this, such an unexpected change in demand meant that England needed to seek more goods, which, in turn, called for new colonies and trade opportunities. By around 1755, 24% of England’s GDP was dependent on importing and exporting goods to fuel the growing industrial economy, showing a palpable change from 1655’s 19% (Daudin, O’Rourke 25). As dependence on trade increased, other nations followed suit, leading to conflicts with economic consequences that would influence the American colonies directly.
The British men gathered full control of the trading center present in the Americas, and created the Navigation Acts to help aid them in their tactics to take control over all trade within the Americas. The Navigation Acts were passed under a mercantilist system, and was used to regulate trade in a way that only benefitted the British economy. These acts restricted trade between England and its colonies to English or colonial ships, required certain colonial goods to pass through England before export, provided subsidies for the production of certain raw goods in the colonies, and banned colonial competition in large-scale manufacturing. This lowered the competition in the trading world for the British and caused the British to have a major surge in power, that greatly attributed to the growth of their rising empire. The British’s ambitious motives in the trading world help portray a way that the British took control of an important piece in the economy of all of the other nations present in the colonies in the time period, and shows another leading factor in the growth of the British empire.
They were able to trade with basically whoever they wanted to, participating lucratively in the Triangular Trade. With this, many merchants lined the coast of the Americas, patiently awaiting the incoming slaves from Africa or the goods from England, while greedily exporting their tobacco. Many established a life off of this competitive economic system, trying to soak up the finite wealth of the world. After the French and Indian War, which was a war fought for control of more land against the French, the English realized that they needed to tighten their strings in
The way in which the colonies made enough money to support England was based off as the geography of the land and how conducive the use of agriculture and cash-crops would be. The different climates of the New England and Chesapeake created different economies for each. In New England, the economy was based on shipbuilding and fishing because of long winters and the rocky soil that was not fertile. New England colonies, founded by primarily large families, only had small family farms as a result of the climate and turned to trade and industry rather than agriculture. The lack of need for farming for the economy led to the abolishment of slavery, as it was seen as unnecessary based off the economy.
Then on January 16,1556 Philip inherited the kingdoms of Spain along with the Spanish overseas empire. Shortly after Philip inherited Spain he had to go to the Netherlands to fight the French in which Spain was victorious in 1557. After the war had ended Philip did not want to see another battlefield, and just plainly disliked war, but if war was needed eventually again he would deal with it. So he returned to Spain in 1559, and never left the Iberian Peninsula again. Along the way of his earlier years in ruling he did hit a few bumps in the road.
The Renaissance was a period in European history that triggered a region wide development in the fine arts, intellectual studies and technology. With the expansion of understanding in the fields of science, philosophy and technology and the accumulation of wealth of many European nations, it led to them to expand their own fleets and finance exploration missions throughout the world. The Columbian Exchange was a by-product of the Age of Exploration and was the transfer of plants, animals and technology between the “Old World” and the “New World”. The Columbian Exchange involved the entire modern world. Irrevocably, the Columbian Exchange helped trigger the largest population boom in world history, it led to a boom in the overall economy and
Spain fought with countries such as France, England, and the Dutch for control over lands in the New World, because they were all seeking wealth and power. They had even faced the threat of foreign attacks from England. Because of
During her rule, wars were ended because of her and her kingdom. With the help of her most strong-minded advisor, William Cecil, Elizabeth ended the war with France. In addition Elizabeth made the Spanish Armada retreat. She was able to avoid fighting with Spain for many years of her reign. Though not all of her goals were reached, the ones that were, were
She was left to fend off Spain by herself when neither Islamic powers came to her aid. Brotton discusses how both the Moroccans and Ottomans were not willing to show their hand fearing England was little more than a trade partner. After the defeat of the Spanish Armada thanks to various factors including weather, rotten food, and poor planning the Moroccans signed an alliance with England and Queen Elizabeth would have most likely secured an alliance with Sultan Murad III of the Ottoman Empire had he not died and been replaced with a less English sympathetic and aggressive Sultan Mehmed. Brotton 's conclusion paints a portrait of England at the time of Queen Elizabeth I death which has firmly solidified Protestantism, brought about great trade and economic gain as well as a diversity of culture and arts which led to a greater more intelligent and prosperous England. Brotton and now myself feel that the Islamic connection was an overlooked yet integral piece of history which deeply shaped the reign of Queen
1.Great Britain controlled the economy in the colonies through trade. 2.Every culture or country traded so that they could receive all of the essential goods that they needed to survive. 3.Great Britain forced the colonies to trade only with them so they could make a profit, and also so they could obtain the things they needed from. 4.As a result of the New World not having all that the colonists needed , Great Britain would have those goods that the colonists could use to survive; so they traded their goods back and forth.
The Spanish and English navies would go down in history as two of the strongest fleets of their time. The Spanish Armada was establishing itself as the powerhouse navy in Europe, while the English navy was set up before King Henry VIII death in order to defend against a Catholic attack after being excommunicated from the church. King Phillip II would attack England, with their much larger fleet, with the intent of destroying in in the sake of religion, while England’s newer navy would be defending their homeland and decision to change to the Protestant religion, achieve victory, and become the new power house of the seas. England adopted many of their naval strategies form the Spanish, improved on them and used it to defeat their bitter
She was betrothed to Arthur the son of Henry VII of England at age three. This created peace between Spain and England. Six short months later
At the Battle of Bosworth, Henry Tudor won leading to his diplomatic marriage to Elizabeth of York, which was a compromise reached by York’s mother Queen Elizabeth Woodville and Henry’s mother, Margaret Beaufort. The Wars of the Roses allowed for the newly formed Tudor dynasty to thrive, which in the long term brought upon the rule of Queen Elizabeth I who brought stability to England through the Act of Uniformity and the defeat of Philip II during the Spanish Armada. Thus, making England a world power. Conflict has played a major factor in the world’s history since the beginning of time; the English Houses of Lancaster and York were no exceptions. The houses were two separate branches of England’s government between the twelfth and fifteenth centuries, which were represented by the red rose for the