John Guy argued that 'England was economically healthier, more expansive and more optimistic under the Tudors'. There are some points which support this view:
- The population began to grow significantly from 1925 and there was a decline in the mortality rate.
- From the 1520s, agricultural prices rose significantly - an increase in farming incomes which was sometimes helped by engrossing (the joining together of two or more farms which would improve efficiency).
- Debasement of the coinage created a short-term artificial boom in 1544.
But:
- Bad harvests - temporary but significant increases in food prices as food prices almost doubled across Henry's reign.
- Real wages began to decline for many - this was worse at the end of Henry's reign due to the effects of debasement.
- Assessment for subsidies indicated considerable urban poverty e.g. over half the population of Coventry were recorded as having no personal wealth.
- Evidence of growing unemployment among rural labourers.
- Some people were made homeless due to engrossing.
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