Age of Invention, by Anton Howes • 2274 implied HN points • 12 Jan 26
- Henry VII and his government actively enforced and tightened old labour laws, using punishments, forced placements, and financial incentives for informers to crack down on vagrancy and wage violations.
- His 1493 embargo on trade with the Low Countries, meant to punish foreign support for a pretender, collapsed English cloth exports, threw tens of thousands out of work, raised import prices, and ended up strengthening Flemish and Habsburg control of the market.
- The episode was not successful industrial policy but a costly political gamble: it harmed English manufacturing, led to temporary wage-cap changes and harsher policing, and only after trade stabilized did English cloth exports recover and expand.