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Intercursus Magnus
In 1496, England's Henry VII and Philip the Good of Burgundy concluded the Intercursus Magnus, ending the trade confrontation triggered by the Perkin…
Timeline
- 1493–1495Netherlands · FlandersDuchess Margaret of Burgundy recognized Perkin Warbeck as a scion of the House of York, and Henry VII restricted the export of English wool and broadcloth to the Low Countries. Antwerp's manufacturing and London's Merchant Adventurers both suffered, and the courts of Maximilian and Philip were forced to weigh political asylum against commercial interests.
- 1496London · LondonOn 24 February 1496, representatives of Henry VII and Philip the Good signed the Intercursus Magnus in London. The treaty restored and detailed English merchants' rights of residence, warehousing, and tariff treatment in the Low Countries, while requiring both sides to deny ports and financial support to each other's political exiles.
- 1496Antwerp · AntwerpAfter the embargo was lifted, English cloth re-entered the Antwerp market, and the Merchant Adventurers resumed their trading posts in the Low Countries. Henry VII consolidated customs revenue, and the Habsburg Netherlands eased their shortage of raw materials for the textile industry; Tudor–Habsburg commercial relations entered a relatively stable decade.
Sources
- Henry VII https://www.britannica.com/biography/Henry-VII-king-of-England
- Philip I https://www.britannica.com/biography/Philip-I-king-of-Castile
- England and the Low Countries in the Late Middle Ages — Caroline Barron and Nigel Saul (eds.) (1995)