Economic + Social Situation Flashcards

1
Q

Were socio-economic conditions overall good or bad under Mary? Why?

A

Bad

  • Inherited socio-economic situation still needed improvement
  • Unlucky circumstances during Mary’s reign (harvests, influenza)
  • Mary’s reign was too short for her counter-policies to have much effect
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2
Q

What socio-economic issues did Mary inherit?

A
  • Increasing population (raising inflation + unemployment)

- Continued inflation impact of a debased coinage in circulation

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3
Q

What unlucky circumstances worsened the socio-economic situation under Mary?

A
  • Harvest failures (1555+1556): heavy rain, big food shortages + strain on the poor
  • Influenza epidemic (1557+1558): highest mortality rates of century
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4
Q

Give an example of how Mary’s short reign reduced the success of some of her policies aimed at improving socio-economics

A

Planned to start recoinage (1556-8)
(Replace coins to reduce inflation from debased coinage moving around country)
Didn’t have time - done under Elizabeth

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5
Q

List 5 actions Mary took to improve socio-economic conditions

A
  • Reformed structure of the financial system
  • Borrowed from Antwerp
  • Formed the Muscovy Company
  • Attempt to reduce urban poverty
  • Attempt to reduce rural poverty
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6
Q

How did Mary reform the structure of the financial system?

A
  • Court of First Fruit and Tenths + Court of Augmentations replaced by the Court of Exchequer
  • Court of Exchequer adopted many of the other courts’ superior methods, creating one modern, centralised, efficient system
  • Lord Treasurer Winchester headed the system
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7
Q

What were the Court of First Fruit and Tenths + Court of Exchequer initially set up for?

A

To deal with revenue from papacy + monastic land

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8
Q

What was the Muscovy Company?

A

New trading company formed by Mary in 1557 in attempt to boost employment + overseas trade (particularly with Russia)

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9
Q

Was the restructuring of the financial system effective?

A

Yes - created a centralised, efficient, modern system (Exchequer)

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10
Q

Was the formation of the Muscovy Company successful?

A

Partially

  • Started trade with Russia + N.Africa
  • Exploration + new trading route openings was limited due to anxiety surrounding the reaction of the Spanish + Portuguese
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11
Q

Why did Mary borrow money from Antwerp?

A

To bolster Crown funds in hope to improve socio-economic situation

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12
Q

At what rate was Mary borrowing from Antwerp?

A

12-13%

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13
Q

What allowed Mary to continue to borrow from Antwerp?

A

Her good credit score

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14
Q

How did Mary try to reduce urban poverty?

A

Discouraged + restricted movement of industry from towns -> countryside.
Hoped this would boost employment + improve socio-economics.

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15
Q

Were Mary’s attempts to reduce poverty in rural + urban areas successful?

A

No - unemployment would only be properly reduced if new industry opened up in both towns + countryside

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16
Q

How did Mary attempt to reduce rural poverty?

A
  • Encouraged land conversion from pasture to crops (more benefits from less land)
  • Encouraged implementation of laws against grain hoarders
17
Q

What was the Poor Law Act (1555)?

A

Extension of the 1552 Vagrancy Act

Ordered vagrants to wear badges to demonstrate poverty + encourage more of public to donate alms for poor relief

18
Q

What was the only major rebellion under Mary?

A

Wyatt’s Rebellion (1554)

19
Q

When was Wyatt’s Rebellion?

A

Jan-Feb 1554

20
Q

What were the causes of Wyatt’s Rebellion?

A
  • MAIN: Opposition to Philip-Mary marriage (feared Spanish influence/Philip may control England)
  • Opposition to religious change (Protestantism -> Catholicism)
  • Socio-economic grievances may have played a less significant role
21
Q

What trade was declining under Mary?

A

Cloth trade (with Antwerp)

22
Q

How many simultaneous uprisings made up Wyatt’s Rebellion? Where were they?

A

4

  • Devon (led by Earl Ed. Courtenay)
  • Hertfordshire
  • Leicestershire
  • Kent (led by Sir Thomas Wyatt)
23
Q

Where was the only properly successful rising in Wyatt’s Rebellion? How many people were there?

A

Kent

Approx 3000 men

24
Q

Why is it called Wyatt’s Rebellion?

A

Sir Thomas Wyatt led the only successful branch of the rebellion in Kent

25
Q

What type of people were involved in Wyatt’s Rebellion?

A
  • Regular citizens
  • Elites
  • Lady Jane Grey’s father
26
Q

Which key figure was thought to have conspired in Wyatt’s Rebellion?

A

Elizabeth

27
Q

Briefly outline what happened in Wyatt’s Rebellion (1554)

A

25th Jan: Wyatt signals start of rebellion in Kent
28th Jan: Unsuccessful attempt to end rebellion by Duke of Norfolk
1st Feb: Mary gives speech at Guildhall London to rally support
7th Feb: Rebels try to enter London at Ludgate but are stopped

28
Q

How did Mary end Wyatt’s Rebellion?

A
  • Reduced opposition during rebellion by giving strong speech
  • Cut off 2 of the main entrances to London (London Bridge + the Tower)
29
Q

What were the outcomes of Wyatt’s Rebellion?

A
  • Wyatt executed
  • Lady Jane Grey executed (because of father’s involvement)
  • Elizabeth arrested + temporarily imprisoned
  • Highlighted: unpopularity of royal marriage + support for Protestantism
30
Q

What did Mary do to Elizabeth after Wyatt’s Rebellion?

A

Imprisoned her in the Tower due to her suspected involvement BUT had to release her shortly after with no evidence of her involvement