Economic And Social Flashcards
1
Q
How was economy (4+)
A
Increased pop = demand = inflation
Debasement = inflation
Harvest failure 1555 and 1556
Sweating sickness = influenza in 1557 and 1558 = death toll since Black Death
2
Q
How did finance admin change
A
Court of exchequer took over augmentation and first fruits and tenths
3
Q
Mary positive for finance (3+)
A
Finances rose during her reign - but not as much as expected considering went to war
Plans of recoinage drawn up in 1556 + 1558 = ultimately used by E but useful
New book of rates in 1558 increased customs revenue dramatically = E benefited most
4
Q
What increased customs revenue by 100%
A
Book of rates that Mary introduced in 1558
5
Q
How much debt did Mary inherit and leave
A
Inherited: 185,000
Left: 300,000
