Changing Sinews of Power Flashcards
What is the wheel of fortune?
Image that one day things could be going very well for an individual, they were at the top of the wheel - successful and admired - but Fortune might spin ensuring that they sank back down the social and political ranks
What was important for maintaining royal authority?
Royal finances being collected by officials
What was money used for?
Range of purposes which were central to providing effective government and ensure the monarch’s position was secured.
What was routine expenditure spent on?
Maintenance of the king
Regular defence
Administration
What was involved in the maintenance of the king?
Large organisation including retainers, servants, advisers. Some on clothes and food could seem extravagant - contemporaries expected kings to live opulent lives and regarded as crucial to maintain order and authority
What was a critique of Henry VI during Cade’s rebellion?
The king was so in debt that he could not pay for food and drink for his household.
Where were the main areas of focus for regular defence?
Protection of Scottish and Welsh borders and security in overseas areas - Ireland and Calais.
What was administration cost?
Employing staff in government departments. - Exchequer and Chamber, funds for calling parliament, running law courts etc.
What is exceptional expenditure?
Finance for ceremonial costs, coronations, baptisms and weddings
What were exceptional defence costs?
Money for an invasion or to repel attacks on territories in France - 100 YW - major outlay during Henry VI reign.
What happened during the period?
Decline in the traditional incomes enjoyed by the king
What trade declined?
Wool trade - fall in tax revenue
What was the main issue for Lancastrian kings?
High defensive costs
Where did Henry IV have difficulties in terms of rebellions?
Wales and Scotland
What difficulties did Henry V have?
War with France - by the end of his reign, parliament expressed unease with royal finances
What had to be sold to pay of Henry V’s debt?
Jewellery and ships had to be sold to pay back creditors
What was royal debt in 1433?
£225,000
What was royal debt in 1450?
$372,000
What was the most forceful expression of critique of Henry VI’s finances?
Cade’s Rebellion
Who did Ed try to improve relationships with?
London Merchants
What unpopular measures did Ed engage with?
Forced loans and gifts - also benevolences
What treaty was signed in 1475?
Treaty of Picquigny
What did the Treaty of Picquigny do?
Gave Edward an annual pension of £10,000 per annum
How much did royal income increase by during Henry VII?
40%
What is the power of patronage?
Crucial demonstration of royal power in the late medieval period - granting land = delicate matter.
What is the theory behind patronage?
All the land is the king’s and he can give it out in return for loyalty - basis of the feudal system
What is important for patronage?
There is a certain level of stability and the king must recognise hereditary of noble families
What is a key example of this obligation breaking down?
Richard II disinheriting Bolingbroke
What was a key benefit of the HYW?
More land to give out with newly conquered lands - when not available, must use English land
When would forfeiture of lands happen?
Individual Lords being guilty of traty
Who benefitted from the death of Warwick?
Gloucester and Clarence
What is an Act of Attainder?
Disinheritance of a whole family - powerful method of control - threat
What did Henry VII do?
Named himself the king the day before Bosworth so he could attain all the troops on Richard’s side
Why was attainting not always wise?
Disinherited heirs have nothing to lose - Edward
How would the crown gain lands after battle?
Nobles or gentry being killed or found guilty of treason
What were windfalls used as?
Used as reward to supporters - not benefit land in the long term
What was the royal demesne?
Property held by the monarch directly rather than having another lord
What was the issue with Henry VI?
Everything - profligate and mentally unstable
What did the crown lands do pre 1399?
Did not make a substantial contribution to national finances and were intended to support members of the extended royal family.
What did Henry IV retain?
Duchy of Lancaster
What did the Duchy require?
Required own administrative council and staffed own chancellor, chamberlain, two chief stewards etc.
What did Henry IV want to do?
Wanted to make a clear division between his position as king and his position as the DoL - Duchy treated the same as if he had never been king - indicates the insecurity on the throne.
What was parliament keen for Henry IV to do?
Live of his own - less likely to grant taxation
What was the average income of the Duchy?
£11,000
What were some Duchy lands used for?
Form of patronage
How much did the Duchy contribute per annum?
£31,120
What was Henry VI?
Royal Power Vacuum
What is an act of resumption?
Act of parliament which removed land and returned it to the crown - passed at various points
Example of an act of resumption?
1404 - Henry IV petitioned to resume all crown land - incredibly unpopular.
How did parliament curb the exploitation of Henry VI?
Resumption
What is a personal service?
Serving one’s lord with wine at dinner or holding his banner in battle
What is payment of rent?
Usually paid in kind - military service or produce - rent usually paid in cast from 1300
What is the tenant-in-chief required to do?
Provide one or more knights to serve the king - declined following the 14th century
What replaced the obligation of military service?
Lords were authorised to raise forces in the name of the crown and then contracts.
What were these contracts called?
Indentures, commissions of array or musters
What are mercenaries?
Employed/ paid soldiers - usually used for overseas battles
What did crown lands provide?
King gained a fee when tenants eldest daughter get married - greater feudal rights - right to the wardship of idiots - took profits from those who were mentally ill.
What was the most crucial aspect of a king’s income?
Custom duties - most lucrative source of money
What were fees levied on?
Imported and exported goods - long-standing royal prerogative that the king gained the income from this
What was the most lucrative trade?
Wool
What was the single largest payment to royal coffers?
Wool subsidy
How many raw wool exports were there in 1390?
21,000
How many raw wool exports were there in 1510?
8,500
When was there a trade recession?
1440 to 1480
Where was raw wool going?
Made into woollen cloth - less taxed industry
Who had issues balancing royal revenue?
Henry V and Henry VI
Who declared the true state of finances to parliament?
Lord Cromwell
What was the annual deficit under Henry VI?
£16,000
What worsened economic issues?
Piracy in the Channel - considerable disruption during 1440s and 1450s
How much did annual crown revenue fall from and to by 1450s?
£90,000 to £24,000 - exacerbated by the loss of France
What meant Henry VI was very reliant on loans from Lords?
Alienation of the crown lands
Who was left unpaid by Henry VI?
Henry Beaufort and Richard Duke of York
What did parliament control up to 1471?
Over the money obtained by wool - could vary the amount levied on each sack depending on the defensive needs.
What reduced Ed’s dependency on Parliament?
Fixed amount subsidy
What was the impact of Ed’s treaties?
Trade improved - increase in royal revenue from customs.
When were foreigners taxed more than natives?
From 1303 - new/ petty customs on foreign merchants
How much did foreign merchants have to pay on wool wax and leather?
50%
What was this extra 50% extended to in 1347?
Cloth
Who were excluded from paying poundage?
Those in the Hanseatic League
Why was wine important?
Unsafe to drink water - various forms of alcohol consumed as they were safe to drink