Finanical Flashcards
When was Cromwell appointed Chancellor of Exchequer?
1533
What was Cromwell appointed as in 1533
Chancellor of Exchequer
What did Cromwell promise Henry?
That Cromwell would make Henry the richest prince in Christendom with the closing of monasteries
How much did closing monasteries make Henry
£1.3 million
What did Cromwell set up to control the crowns source of income?
Set up departments
What were the departments that were set up to achieve
Administer crowns source of income
What were the departments that were set up by Cromwell achieve?
More accurate and efficient and were modelled by the Duchy of Lancaster which was an exsisting department
What were the most famous department set up by Cromwell?
Court of the first fruits
Tenths of the Court of the Agmentations
What did the Court of the first fruits
Tenths of the Court of the Agmentations do?
Deal with new wealth from churches that were coming to the king
Who dealt with the revenue coming from the church?
Court of the first fruits
Tenths of the Court of the Agmentations
What were the Court of the first fruits
Tenths of the Court of the Agmentations called and why?
Courts because they had legal power to settle disputes over how much should be paid
Who’s influence did Cromwell reduce?
King chambers
What happened to the king chambers under Cromwell
Reduced influence
Who’s influence increased under Cromwell
Court of Exchequer
What happened to the courts of Exchequer under Cromwell
Increased influence
