54. Issue Of Purveyance And Monopolies Flashcards
What were monopolies?
Grants made by the Queen giving the purchaser exclusive rights to particular trades or manufacture
Why did the Queen use monopolies to reward her courtiers?
It was cheap for her
What was an example of someone being granted a monopoly?
Sir Christopher Hatton was rewarded with the monopoly of the wine trade and Sir Walter Raleigh was given the monopoly of trading cards
What was the chief complaint against monopolies?
Pushes up prices as holders had no competition
What Parliament complained about monopolies?
1597 Parliament
Who promised to amend monopolies?
Sir Thomas Egerton
What happened to the number of monopolies by 1601?
Increased dramatically as the queens finances were under strain
What did MPs do about monopolies?
Made a list of grants made since 1597 and made well evidenced arguments to show that monopolies had driven up prices
What did elizabeth do about pressure from MPs about monopolies?
Agreed to suspend some grants and revoke the most harmful ones
What proclamation was issued about monopolies?
Ended monopolies on salt, vinegar and starch
What was purveyance?
The right of the crown to buy goods at less than market prices
When did MPs protest about abuses concerned with purveyance?
1589 Parliament
What did elizabeth promise about purveyance?
Promised reform and suggested the House of Commons set up a committee to look into the alleged abuse
