The Tudor Economy (Incomplete) By Ph0en1x Period: 1480 to 1490 Evidence of a greater move to Sheep Farming around this time. 1485 Navigation Act 1486 Henry removes the trading restrictions on Foreign Merchants 1487 Export of unfinished cloth by foreign merchants is banned. (again) 1489 Navigation Act (2) 1492 The Treaty of Etaples One of the things Henry received from this was a £5000 annual pension. It also largely removed the trade restrictions on wool (again) 1495 The Council Learned in the Law is formed under the supervision of Sir Reginald Bray 1496 Intercursus Magnus 1497 Most of the remaining trading restrictions are removed. 1503 Sir Reginald Bray dies and is replaced on the council learned by Edmund Dudley 1506 Intercursus Malus 1507 Magnus Intercursus is reinstated 1509 Empson and Dudley are arrested and executed. 1509 Henry VII dies. 1510 The Council Learned in the Law is officially abolished. 1517 Torrigano completes his funeral effigies of Henry VII and Elizabeth of York 1536 Beginning of the dissolution of the Monasteries 1544 Henry VIII Begins the debasement of the coingage 1548 Somerset introduces the Enclosure Commission 1555 Harvest Failure 1556 Harvest Failure 1561 Elizabeth completely restores the Undebased coinage. 1563 The Statute of Artificers is passed 1594 Harvest Failure 1595 Harvest Failure 1596 Harvest Failure 1597 harvest Failure 1598 The Poor Law is enacted 1601 There is significant agitation in Parliament over the use of Monopolies. 1601 The poor law is revised