England In 1558 [Challenges at home]

Question 1

How much debt was the crown in?

Answer 1

£300 000

Question 2

Over £100 000 of crown debts was owed to who?

Answer 2

Foreign moneylenders

Question 3

What had Mary Tudor sold off to pay for wars with France?

Answer 3

The crowns land

Question 4

Why would Elizabeth need money to help her remain secure?

Answer 4

So she could reward supporters

Question 5

What does “The Crown” refer to?

Answer 5

Government (Monarch and advisers)

Question 6

What is a benefit of Elizabeth raising taxes to boost crowns income?

Answer 6

The queen could convene parliament and ask for subsides (special additional taxes)

Question 7

What would be the downside to Elizabeth raising tax to boost crown income?

Answer 7

Would be unpopular with ordinary people- risk unrest

Question 8

What was Elizabeth’s response to her financial problems?

Answer 8

•Didn’t raise tax- but did hoard her income (and cut her household expenses in half.)
•Sold crown lands (Raised £120 000)

Question 9

How well did Elizabeth’s response to her financial problems work?

Answer 9

By 1574 The crown was out of debt for the first time since 1558

Question 10

What would monarchs be able to get from their own lands to raise money?

Answer 10

Rents and income

Question 11

What were the special taxes that parliament would have to agree to called?

Answer 11

Subsidies

Question 12

Also known as custom duties, monarchs could raise money by getting taxes from what?

Answer 12

Trade

Question 13

In response to the financial weaknesses at home in 1558, did Elizabeth raise taxes?

Answer 13

No

Question 14

By what date could The crown claim it was out of debt for the first time since 1558

Answer 14

1574