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British isles

England

Among the great powers rising on the Atlantic seaboard, England came last. From about 1350 to 1450 the English had had a drastic population reduction from the Black Death, prolonged economic stagnation and sporadic outbursts of the Hundred Years War against France. As noted above, Henry V took most of France for a short period and his death may have saved that continental country, but he almost ruined England because the treasury sank into irremedial debt. Henry VI went mad and there followed the famous War of the Roses, lasting from 1454 to 1485, in which the nobles of the House of York battled those of the House of Lancaster for the throne. It was a suicide of the Anglo-Norman aristocracy and England was left impoverished, destitute and desolate, as the

Lancastrians were scattered or destroyed and many of their nobles decapitated

John Gillingham (Ref. 250 ), lecturer in history at the London School of Economics, presents a considerable different view, denying the destruction, describing the battles as more the wars of gentlemen taking care not to offend the electorate and hardly affecting the social and economic development of England. Jasper Ridley (Ref. 291 ) would agree that the battles were fought by the royal and noble families and their retainers in a few counties only, but does remark that there was widespread breakdown in law and order in neighboring areas during these conflicts
. The victorious Yorkists entered London with King Edward IV, who had already resolved to have as little to do with Parliament as possible. In 1475 he made a token invasion of France through Calais, the one remaining English foothold on the continent, but he soon stopped to parley with Louis XI and a settlement was struck whereby Edward obtained a lump sum of 75,000 crowns and a yearly payment of 50,000. This was almost enough to keep him independent of Parliament and let him live the life of ease, which he so desired.

Some would say that his debauchery and promiscuity caused his early death in 1483, but actually he may well have died of appendicitis. His son Edward V, the apparent heir, was immediately imprisoned and his uncle took over the crown as Richard III, claiming that the boy Edward was a bastard and not entitled to succeed. But Richard, himself, ended up without an heir and the rival claimant to the throne became Henry Tudor, Earl of Richmond, a Welshman, who had been forced to flee to Brittany many years before. Now both Yorkists and Lancasters left England to join him as he prepared an expedition at the mouth of the Seine. In late summer of 1485, Richmond, with his English supporters and a body of French troops landed at Milford Haven, near the southwestern tip of Wales. The Welsh were more than happy to have the prospect of having one of their own on the throne of England and many Welsh gentry joined his forces so that he had about 5,000 men as he moved through Shrewsbury and Stafford. In the last of what should be called the "nobility wars", on Bosworth Field, Richard III was slain and Henry Tudor (Tydder) became Henry VII, a wise, sad, careful monarch, who reformed the administration, centralized the government and finally left the state respected, orderly, solvent, united and at peace. Henry's claim to the throne was through his mother, from John of Gaunt, founder of the House of Lancaster. He married Elizabeth, a princess of the House of York and thus united the two rival houses. When his first son, Arthur, who had married Catharine of Aragon, died, Henry arranged for his second son Henry (later Henry VIII) to marry the widow, thus strengthening the alliance with Spain. (Ref. 50 , 29 )

Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
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Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
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Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
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Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:  OpenStax, A comprehensive outline of world history. OpenStax CNX. Nov 30, 2009 Download for free at http://cnx.org/content/col10595/1.3
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