Henry VII Government and Finance Flashcards
What are the three main functions of the council?
Advice the King, administer realm on behalf of King, and make legal judgements
Who worked in the Council Learned?
Richard Empson and Edmund Dudley
What administration institution did Henry VII start using in 1495?
The Privy Chamber
What did the 1507 Book of Rates lead to?
A 20% increase in customs duties
What were the two main functions of parliament?
To pass laws and grant taxation
How much, and when, was Henry VII promised Bonds and Recognisances?
£200,000 each time, in 1504 and 1507
What did JPs do?
Unpaid role given to gentry to administer justice and maintain law in local areas
How much revenue was Henry VII granted through fifteenths and tenths, and when?
Around £30,000; in 1487, 1489 and 1496
How much money did Henry VII borrow as loans?
£203,000; he paid all of this back
Who was Henry’s Lord Chamberlain, and when was he arrested for treason?
Sir William Stanley, arrested in 1495
How much did crown lands increase by during Henry VII’s reign?
5x
How much did Henry VII leave IN CASH at the end of his reign?
£10,000
After 3 years of his reign, Henry VII abandoned the exchequer in favour of what?
The Chamber, as it allowed him personal supervision of crown finance
How many Knights of the Garter did Henry create?
37
How many times did Henry VII call parliament?
7 times
