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the Economic Aspect of Applied Chemistry in Europe and North America.

Especially within the British empire, exports started to increase heavily in this period. Mostly privately owned companies traded with the colonies in the West indies, Northern America and India.[12]

The Company of Merchant Adventurers of London brought together London‘s leading overseas merchants in a regulated company in the early 15th century, in the nature of a guild. Its members’ main business was the export of cloth, especially white (undyed) woollen broadcloth. This enabled them to import a large range of foreign goods.[13][14]

Wool industry[edit]

Further information: Medieval English wool trade

Woollen cloth was the chief export and most important employer after agriculture. The golden era of the Wiltshire woollen industry was in the reign of Henry VIII. In the medieval period, raw wool had been exported, but now England had an industry, based on its 11 million sheep. London and towns purchased wool from dealers, and send it to rural households where family labour turned it into cloth. They washed the wool, carded it and spun it into thread, which was then turned into cloth on a loom. Export merchants, known as Merchant Adventurers, exported woollens into the Netherlands and Germany, as well as other lands. The arrival of Huguenots from France brought in new skills that expanded the industr