Economic Changes Under Edward VI Flashcards
1
Q
What economic factors helped to bring about discontent during Somerset’s period of rule?
A
- Inflationary pressures
- Agrarian issues, particularly harvest failure and enclosure issues
- Taxation
2
Q
How much money did Somerset raise by continuing Henry’s policy of debasement?
A
He raised £537,000
3
Q
A poor harvest in what year reinforced inflationary pressures?
A
1558
4
Q
Why was taxation so high during Somerset’s time in power?
A
Money had to be raised to fund for the Scottish war.
5
Q
Why was Somerset’s tax on sheep such a failure?
A
It created huge financial pressures on small farmers in upland areas who had little choice to rely on sheep.
6
Q
How did Northumberland manage to create a few years of stability economically?
A
Brought an end to the wars against Scotland and France.
Reduced Crown expenditure.
He abandoned the practice of debasement.
He increased revenue from the Church.
