EE 10.2 - QE Sources of Income

Question 1

Chapter 10.2 - Elizabeth’s sources of income

Answer 1

Sources of income

Question 2

What were 4 of Elizabeth’s sources of income?

Answer 2

• Crown lands
• Parliamentary taxation
• Customs duties
• Efficiency savings

Question 3

Crown lands:
What was QE’s revenue from crown lands at the start of her reign?

Answer 3

£86,000

Question 4

What was QE’s revenue from crown lands at the end of her reign?

Answer 4

£111,000

Question 5

What was Elizabeth reluctant to do in regards to crown lands?

Answer 5

Exploit her tenants

Question 6

Parliamentary taxation:
What were the two ways taxation was collected?

Answer 6

• Fifteenths and tenths
• Subsidy

Question 7

How much did Fifteenths and tenths raise?

Answer 7

£30,000

Question 8

How much did a subsidy produce?

Answer 8

Little under £100,000

Question 9

How much did the Subsidy Bill bring in?

Answer 9

About £140,000

Question 10

Who made the assessments and collections for parliamentary taxes?

Answer 10

The local gentry

Question 11

What did QE not want to pay for?

Answer 11

A professional tax collecting service

Question 12

Customs duties:
What governed the collection of customs duties?

Answer 12

The Book of Rates

Question 13

How many imports were subject to tax before the Book of Rates was revised in 1557?

Answer 13

790

Question 14

How many imports were subject to taxation after the Book of Rates was revised?

Answer 14

1170

Question 15

How much was customs revenue from 1556-57?

Answer 15

£29,315

Question 16

How much was customs revenue in 1558-59?

Answer 16

£82,797

Question 17

How much was customs revenue in the 1590s?

Answer 17

£91,000

Question 18

Why was the customs increase from 1558 to the 1590s not a large increase?

Answer 18

It barely kept in line with inflation

Question 19

How much were total exports in 1563?

Answer 19

£1,100,000

Question 20

What % of exports were wool in 1563?

Answer 20

81%

Question 21

Efficiency savings:
What happened under Mary that ensured the Exchequer had a better idea of how royal finances stood?

Answer 21

3/4 of crown revenue was collected into the Exchequer of Receipt

Question 22

What emerged in 1571 in regards to royal funds?

Answer 22

It emerged that several Exchequer tellers, who were responsible for taking in money, had defaulted on what they had ‘borrowed’ from the royal funds to the tune of £44,000

Question 23

Other Income:
What tax that used to go the Pope now went to the crown?

Answer 23

The First Fruits and Tenths

Question 24

Why did QE keep bishoprics vacant?

Answer 24

To gain the income they were to receive

Question 25

What was increased in 1581?

Answer 25

Recusancy fines

Question 26

How did war affect Elizabeth and her government?:
What financial situation with Spain was challenged?

Answer 26

England challenged Spain’s claim to a monopoly of trade with South America

Question 27

What did England restrict in 1563?

Answer 27

The privileges of Flemish merchants, raising customs duties and prohibiting some imports entirely

Question 28

When was the trade embargo with Spain lifted?

Answer 28

1573

Question 29

When did QE expel the Sea Beggars from English ports?

Answer 29

1572