E4's second reign finances Flashcards
What did E4 do to maximise crown land revenues
continued ‘land revenue experiment’ + chamber system
increased income from personal lands as he confiscated properties like Clarence’s as well as holding York and Lancastrian lands
What was the crown lands income 1482-3
£30,000 per year
How much did E4 earn from justice fees
£800/yr
How much did E4 earn from Feudal Dues
increased exploitation of Feudal Dues but only £550/yr
What was the main form of extraordinary revenue
Parliamentary grants
What significant parliamentary grant did E4 get
1474 - large grant worth £30,000 (with Fifteenths and Tenths) for war w/ France in 1475
What parliamentary grants raised taxes for wars not fought
1463, 1468, 1474
Which tax was very unpopular and why
1474 - large taxation but no proper war in France
How much did loans and benevolences raise in 1475
£22,000 for war w/ France
How much was the Picquigny Pension and when was it earnt
1475 - £10,000/yr - allowed E4 to live of his own
How much did E4 raise in clerical taxes in his 2nd reign
£48,000
Why did trade improve in the 2nd reign
increased wool trade through commercial treaties with Burgundy and the Hanseatic League
Updated customs duties that were out of date for cloth wool and wine
How much did E4 increase trade income by
£10,000 (to £35,000)
Why did E4 actually fail in his finances
Only left £1200 to his son
What expenditure was significant
War with Scotland and 1481/2 - esp keeping Berwick
