Henry VII Finances

Question 1

How can we judge if financial policy was successful?

Answer 1

• Profundity - did it make a lot of money?
• Longevity - how long was the policy impactful

Question 2

How were changes to administration successful?

Answer 2

• Switch from the exchequer to the chamber made finances under the direct supervision of Henry himself - direct control over land revenue and a ready supply of cash if needed
• Was faster then exchequer

Question 3

How were changes to administration NOT successful?

Answer 3

Edward IV gained £70,000 per annum whereas Henry only earned £40,000 from the chambers