Identifier: popularhist02knig (find matches)
Title: The popular history of England : an illustrated history of society and government from the earliest period to our own times
Year: 1883 (1880s)
Authors: Knight, Charles, 1791-1873
Subjects:
Publisher: London New York : F. Warne
Contributing Library: University of California Libraries
Digitizing Sponsor: Internet Archive

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ns, were struggling into activity in the reignof Henry VIII., and of Edward VI. Sebastian Cabot had been pensioned bythe government of Edward. In 1553, sir Hugh Willoughby had perishedon the coast of Nova Zembla, in the attempt to discover a north-east passageto China. Eichard Chancellor, who commanded one of the vessels in Wil-loughbys expedition, had made the harbour where Archangel was afterwardsbuilt, and had negociated with the Eussian czar, the ferocious Ivan, at Moscow.Anthony Jenkinson, at the same period, had obtained a licence from SultanSelim to trade with the Ottomans. But the great expansion of Englishcommerce belongs to the reign of Elizabeth. Still, the commercial principlewas asserting itself. In the time of Henry VIII., one great impediment tothe operation of accumulated capital, was removed in the practical repeal ofthe laws against usury, by limiting the rate of interest to 10 per cent.J Alaw of bankruptcy was passed, which provided for the equal distribution of the
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Gresham. Tytlfr, i. p -105. t Sermon before Edward VI. 1550. 37 Henry VIII. c. 9, 484 FAIRS AND MARKETS. (1547. property of debtors.* The principle of the earlier Navigation Acts was heldto by Henry VIII.; but -nhilst goods were required to be shipped in Englishvessels, the cost of freight from the port of London to foreign ports wasstrictly regulated. The trade of London appears from tins act, to have beenprincipally with ports of Flanders, Denmark, the south of France, Portugal,and Spain. The trade with Calais was under other regulationa.f Much of the interchange of the country was transacted, as in earliertimes, at fairs and markets. The farmer had no price-current to guide himas to the rise or fall of corn and cattle. He went to market for knowledgehow to buy and sell:— This lesson is learned, by riding about,The prices of victuals, the year throughout. ^ He went to fairs, to lay in his annual stores :— * At Bartlemew tide, or at Sturbridge fair.Buy that as is needful thy hous

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