The trade of the country was greatly advanced by the immigration of
many Flemings, Dutch, Walloons, and French Huguenots, who brought over
with them their own trades. They were judiciously distributed about
the country, care being taken that they should neither interfere with
the trade of the place nor crowd too much together. Thus at Sandwich
alone there were 350 Flemish families in the year 1582; they carried
on the manufactory of bags. In Norwich, Dutch and Walloons settled and
made serges and silks and bombazines. Bone lace was taken to Honiton
from Antwerp. In London the Flemings settled at Bermondsey, where they
made felt hats and did joiners’ work; at Bow, where they had dye-works;
at Wandsworth, where they worked in brass; at Mortlake and Fulham,
where they made tapestry. In other places workers in steel and iron,
window-glass painters, cloth fullers, cloth-makers, and many other
craftsmen were planted and carried on profitable industries. Among
other things, sail-making was introduced into England for the first
time. The pawnbroker’s shop was also opened in this reign. It began
with the establishment of seven banks in as many towns, to be known as
“Banks for the relief of Common Necessity,” which should lend money on
pledges. This Bank is alluded to by Shakespeare when Sir John Falstaff
urges his hostess to pawn her cups and her hangings. “Glass,” he says,
“glass is your only drinking: and for thy walls, a pretty slight
drollery, or the story of the Prodigal or the Germans hunting in water
work, is worth a thousand of these bed hangings and these fly-bitten
tapestries.”
The monopoly system by which the Court rewarded favourites at the
expense of trade and the people was regarded by Elizabeth with favour,
as an easy way of bestowing favours costing herself nothing. Many of
her monopolies she withdrew as manifestly injurious to trade, yet she
left many which weighed heavily upon the enterprise of the country.
These monopolies were multiplied in the next two reigns, and greatly
assisted to bring about the unpopularity of Charles.
Public-domain text, read in full here on John Shaqi.
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