Extraordinary Revenue : Sources Of Royal Income

Question 1

Extraordinary revenue

Answer 1

Addition to ordinary revenue (one off payments)

Question 2

5 types of extraordinary revenue

Answer 2

Bonds and recognisances
Loans and benevolences
Feudal dues
Clerical taxes
Parliamentary taxes

Question 3

Bonds and recognisances

Answer 3

Payments of good behaviour
Heavily disliked by nobles
Financially successful

Question 4

Loans and benevolences

Answer 4

Kings right to ask for financial help in particular emergencies
Henry rarely used this but was smart enough to not always ask
1491 raised £48k for war in Brittany (9k of that contributed to City of London)

Question 5

Feudal dues

Answer 5

Same as ordinary revenue claims but single occasions

Question 6

Clerical taxes

Answer 6

Special taxes which the king could levy on church
In form of ‘voluntary gift’
Appointed leading churchmen to raise money

Question 7

Parliamentary taxes

Answer 7

Special grants of taxes by parliament to finance royal policies (military action)
Avoid parliamentary taxes as much as possible (UNPOPULAR)
Triggers 2 rebellions (Yorkshire and Cornwall 1497)

Question 8

What 2 rebellions resulted from taxes

Answer 8

Yorkshire and Cornish rebellion