Part one of term paper
Before England could settle the New World, it needed a Middle Class to fund private settlements and a millitary to protect those investments. Although the Spanish had a hundred year head start the English would in turn dominate the New World. This was all set in motion by King Henry VIII's Act of Supremacy. King Henry VIII broke from the Ca ...

Part two of term paper
... in the Europe. The Price Revolution had now started. Because of this Spanish money spread in Europe. Because people were making money wide spread inflation had started. Now European goods became expensiveto english nobles. Nobles had no new world gold and didn't benefit from inflation. Because nobles were going broke they asked Queen Elizabeth to raise the rent . The Queen later said "No!" This allowed the middle class to became rich. The middle class made mone by buying at old english price. and ...