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44668
Cockayne's Scheme
Descripción
(James I) History AS (Crown, Parliament and Authority) Mapa Mental sobre Cockayne's Scheme, creado por Katie Difford el 12/04/2013.
Sin etiquetas
history as (crown
parliament and authority)
james i
history as (crown, parliament and authority)
james i
Mapa Mental por
Katie Difford
, actualizado hace más de 1 año
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Creado por
Katie Difford
hace más de 11 años
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Resumen del Recurso
Cockayne's Scheme
Classic case of ill-conceived government intervention in the economy
William Cockayne wished to break into the lucrative Merchant Adventurers' trade in unfinished broardcloth without staking the large capital required
Backed up his bribes to courtiers and King with plausible arguments
If the finishing stages in the cloth making process were completed in England, then employment would be created and more money produced
Increased customs revenues if finished rather than unfinished cloth sold abroad
Scheme relied of false assumptions of English dominance of wool and cloth production
Was a high cost industry and new centres were starting up in the lower wage areas of western Europe
Cloth production was seasonal
Without any reforms, tampering with the trade was likely to be dangerous
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