The author says, that in twenty or thirty years before 1581, commodities had in general risen fifty per cent.; some more.

"Cannot you, neighbor, remember," say she "that, indeed, to have been two periods, in which prices rose remarkably in England;" namely, that in Queen Elizabeth's reign, when they are computed to have doubled, and that in the present age.

Between the two, there seems to have been a stagnation.

It would appear, that industry, during that intermediate period, increased as fast as gold and silver, and kept commodities nearly at a par with money.
There were two attempts made in this reign to settle colonies in America; one by Sir Humphrey Gilbert in Newfoundland, another by Sir Walter Raleigh in Virginia: but neither of these projects proved successful.

All those noble settlements were made in the following reigns.