1 - royal finances

Question 1

When was the Yorkshire rebellion?

Answer 1

1489

Question 2

The Yorkshire Rebellion

Answer 2

protest against heavy taxation (raising money to aid Brittany agst France), joined by thousands of rebels (much discontent), Earl of Northumberland murdered, confined to Yorkshire only

Question 3

When was the Cornish rebellion?

Answer 3

1497

Question 4

The Cornish Rebellion

Answer 4

attracted around 15,000 supporters (but no nobles or powerful allies), opposition to tax, marched from Cornwall to London (mainly confined to Cornwall), easily crushed with royal army of 25,000 men, leaders executed & others fined

Question 5

What was the Act of Resumption?

Answer 5

1486, recovered all the land granted away since 1455, got some of the land back but not all

Question 6

How much more land did Henry VII have compared to Henry V?

Answer 6

5 times

Question 7

What financial system was used by Henry VII?

Answer 7

initially went back to Exchequer (used in Middle Ages), but went back to chamber system in 1487

Question 8

ordinary revenue

Answer 8

(amount of income varied per year)
- crown lands (Acts of Attainder, Act of Resumption, income from Duchy of Lancaster increased 10x)
- customs
- justice
- feudal dues

Question 9

Henry VII’s income from customs

Answer 9

£40,000 (decreased from Edward IV’s £70,000, due to smuggling & international relations affecting trade)

Question 10

income from feudal dues

Answer 10

rose from £350 (1487) -> £6000 (1507)

Question 11

extraordinary revenue

Answer 11

• parliamentary taxation (only at times of emergency but still opposed; amount varied & was limited due to out-of-date figures)
• asked for loans & benevolences (not repaid - couldn’t be used regularly)
• raised money from Church
• levied money through feudal aid to fund occasions (eg. knighting Arthur)

Question 12

income by the end of Henry VII’s reign

Answer 12

£113,000 per year