economic situation Flashcards
when was the ‘great slump’?
1440 - 1480
what made magnates more willing to use violence
the pressure of rental incomes
what happened in August 1453
A Lancastrian force of 700 soldiers, led by Lord Egremont, attacked the Nevilles at Heworth moor
what was the reason for the attack?
Nevilles had inherited two valuable manors, both of which had originally belonged to the Earls of Northumberland
why did magnates want to regain manors?
to compensate for the declining rental income
what did falling rental incomes lead to?
families attacking each other to regain previously owned property
what had severely damaged political stability?
total Lancastrian mismanagement of national finances
what did poor national finances create?
uncertainty and concern amongst the general population
what could concern easily lead to?
erupt into widespread unrest e.g. Cade’s rebellion
what was one of the grievances of Cade’s?
dire state of royal finances
what there a clear link between?
economic pressure and later political conflict
what was the great slump the backdrop to?
political turmoil
