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%