Finance Flashcards
How much debt did Edward inherit?
£372,000
Name two professionals used by Edward IV
John Morton and John Fortescue
How much did Edward spend per year?
£50,000
How much did Edward earn from his lands?
£30,000 p.a.
How much did customs duties increase in Edward’s second reign?
From £25,000 p.a. in Henry VI’s reign to £35.000 p.a. under Edward.
List the trade treaties made in Edward’s second reign
France (1475), Burgundy (1478) and the Hanseatic League (1474)
When were royal commissions sent to investigate customs revenue?
1466, ‘73 and ‘74
How did Edward personally boost his income from trade?
He became very active in the trade of wool, tin and cloth
What is notable about Edward’s landholdings?
He held more land than any other 15th Century English King after Acts of Resumption
How much did income rise from the Duchy of Lancaster?
From £347 to £885 p.a.
How did Hastings use Wardships to his advantage?
Hastings bought the Wardship of the Talbot estates, worth £1,000 p.a. off Edward for £300 p.a. from 1473
How much did Edward earn from the parliamentary grant of 1473?
£30,000
How much did Edward earn from benevolences in 1475?
£22,000
How much was collected from the Laity and Clergy in Edward’s second reign through extraordinary means?
£100,000 from the laity and £77,000 from the clergy
How much did Edward earn from the Treaty of Picquigny?
£15,000 lump sum and an annual pension of £10,000
