THE ECONOMIC POLICY OF THE TUDOR DYNASTY Cover Image

TUDOR HANEDANI’NIN İKTİSADİ POLİTİKASINA DAİR
THE ECONOMIC POLICY OF THE TUDOR DYNASTY

Author(s): Yegane ÇAĞLAYAN (GÖZELOVA)
Subject(s): Cultural history, Economic history, Political history, Social history, 15th Century, 16th Century, 17th Century
Published by: Sage Yayınları
Keywords: Tudor Dynasty; economy; trade; colonialism;

Summary/Abstract: The Tudor Dynasty ruled England from 1485 to 1603, placing great emphasis on the development of agriculture, trade, and industry. Another significant aspect of the Tudors’ state policies was strengthening absolute monarchy and ensuring political stability. During the Tudor reign, the development of the textile industry in England was actively promoted, transforming the country into a major exporter of fabric and laying the groundwork for the “Industrial Revolution” in the 18th century. The Tudor Dynasty also sought to establish centralized financial control by actively reforming the tax system. The reign of Elizabeth I, the last representative of the Tudors (1558-1603), is considered an era of trade expansion in England. During her forty-five-year rule, profitable trade agreements were established, and the development of the commercial fleet laid the foundation for England's future maritime power. Although England entered the colonial race late compared to its European rivals in the late 15th and 16th centuries, its successful economic policies, particularly those based on mercantilism, supported by industrial growth and monopolistic trade companies (e.g., the Muscovy Company, the Levant Company, and the East India Company), enabled it to gain economic and political strength in regions like the Levant, the Persian Gulf, and the Indian Ocean. These achievements marked the initial steps toward transforming England into a colonial empire in subsequent centuries.

  • Issue Year: 16/2024
  • Issue No: 64
  • Page Range: 129-135
  • Page Count: 7
  • Language: Turkish
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