Financial Reforms Flashcards
1
Q
Where was progress made?
A
Revenue administration
2
Q
Debasement of coinage
A
Long-term security of crown finances was boosted by plans for recoinage drawn up from 1556 to 1558 but implemented under Elizabeth
Inflationary pressures had been caused by the proliferation of debased coins in circulation
3
Q
Mary’s mistake?
A
Remitted the final part of Edward’s
Brought her cheap popularity but at a financial cost
Level of royal indebtedness rose during reign, not dramatically as eng at war with France
