Cockayne's Scheme

Descrição

History AS (Crown, Parliament and Authority) (James I) Mapa Mental sobre Cockayne's Scheme, criado por Katie Difford em 12-04-2013.
Katie Difford
Mapa Mental por Katie Difford, atualizado more than 1 year ago
Katie Difford
Criado por Katie Difford mais de 11 anos atrás
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Resumo de Recurso

Cockayne's Scheme
  1. Classic case of ill-conceived government intervention in the economy
    1. William Cockayne wished to break into the lucrative Merchant Adventurers' trade in unfinished broardcloth without staking the large capital required
      1. Backed up his bribes to courtiers and King with plausible arguments
        1. If the finishing stages in the cloth making process were completed in England, then employment would be created and more money produced
          1. Increased customs revenues if finished rather than unfinished cloth sold abroad
            1. Scheme relied of false assumptions of English dominance of wool and cloth production
              1. Was a high cost industry and new centres were starting up in the lower wage areas of western Europe
                1. Cloth production was seasonal
                2. Without any reforms, tampering with the trade was likely to be dangerous

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