Economic change + Social impact under Mary Flashcards

1
Q

Explain the key economic + social problems that span Marys Reign (1554-1558)

A

Marys reign had mixed economic record as many converging trends continued to produce inflation;

  • The continued pressure on demand brought about by rapid increases in population was a key long-term factor in inflation
  • The inflammatory impact of debasement of the coinage
  • Harvest failure in 1555 + 1556 brought serve food shortages + a strain on real wages or the poor
  • Devastating impact of influenza + sweating sickness swept across England in 1557 + 1558 and death toll was worst of the century.
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2
Q

Explain the improvements in the Financial Administration sector during Marys reign

A

Improvements to Revenue Administration;
- Duke of Northumberland sought to improve administration of crown finances by setting up a Commission to investigate shortcomings of the system + then recommend reforms but Edwards premature death prevented any being implemented. However some changes were implemented in 1554;

  • The court of the Exchequer took over both the Court of the First Fruit and Tenths + the Court of Augmentations
  • Though the level of royal ineptness rose during the reign it didn’t do so dramatically(England+France at war) but regardless its financial record was satisfactory for a government at war.
  • The long-term security of crown finances was boosted by the plans which were drawn up in 1556 + 1558 but implemented under Elizabeth
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3
Q

Explain the failure’s of Marys Financial Administration

A
  • Inflammatory pressures that had been caused by the proliferation of debased coins in circulation.
  • Mary made a large mistake by remitting the final part of Edwards last subsidy - which bought her some cheap popularity but at a financial cost

However it was the thoroughness of Mary which enabled Elizabeth’s implementation + nevertheless it wads Elizabeth who reaped the benefited from the introduction of the New Book of Rates in 1558 which raised customs revenue dramatically.

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4
Q

Did Mary help the poor during her reign?

A

Marys government became more active in areas of poor relief. This was in response to the extent of problems England was facing between 1556-8 which were dreadful years with very high mortality rates from Influenza + failed harvests. However it was also due to the high taxation in order to finance the war against France.

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