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Questions about Economic history of the United Kingdom

Short answers, pulled from the story.

When did Henry VII sign the Intercursus Magnus treaty with Flanders?

Henry VII signed the Intercursus Magnus treaty with Flanders in 1496 to secure the export of English wool. This agreement marked a turning point for England after the population collapse caused by the Black Death in the mid-14th century.

What year did Abraham Darby I open a coke-fired blast furnace at Coalbrookdale?

Abraham Darby I opened a coke-fired blast furnace at Coalbrookdale in 1709 replacing charcoal as fuel for iron production. James Watt developed a powerful reciprocating steam engine capable of powering machinery during the last quarter of the 18th century.

Why did Sir Robert Peel repeal the Corn Laws in June 1846?

Sir Robert Peel repealed the Corn Laws in June 1846 removing tariffs on imported grain to lower living costs. Grain prices fell dramatically from 56 shillings per quarter in 1867, 71 to 27 shillings 3 pence by 1894, 98.

How many miles of railways were authorized by Parliament between 1836 and 1845?

Parliament authorized 8,000 miles of railways with projected future totals reaching £200 million during boom years spanning 1836 and 1845, 47. Hudson manipulated funds paying large dividends out of capital until his system collapsed bursting the bubble in the late 1840s.

When did Britain rank as the world's largest trading nation before losing ground to the United States and Germany?

Britain ranked as the world's largest trading nation in 1860 but lost ground to both the United States and Germany by 1913 when their exports each totaled $2.3 billion. Financial houses in London achieved unprecedented control over industry contributing to concerns among policy-makers protecting investments overseas particularly those in foreign government securities.