What were the main features of the development of the economy of England at the beginning of the 17th century?

The main industries that developed in England at the beginning of the 17th century (this is the period of the reign of mainly Jacob I and the last years of Elizabeth I) were as follows: metallurgy, cloth production, shipbuilding, the country was a large exporter of wool, and also traded with Russia through the White and Barents Sea … In the early years of the 17th century, England accounted for up to 80% of coal production in Europe. Capitalist relations were developing in the country, in this sense England was far ahead of Russia, the Polish-Lithuanian Commonwealth, Spain and Portugal. This process was accompanied by stratification among the peasants and nobles. The East India Company was established in 1600.

In 1607, the British founded the first settlement in the western hemisphere (Jamestown).

Foreign trade was developed, the internal market was being formed, the prosperous elite of the peasants – the yeomen – stood out.