Henry VII - How did Henry improve the administrations finances? - RG2 Flashcards

1
Q

One of the key developments of Henry’s reign was the emergence of what?

A

Committees of the council

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2
Q

What was the role of committees of the council?

A

To deal with specific matters of policy

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3
Q

Give two examples of committees of the council?

A

The council learned of the Law
The Star Chamber

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4
Q

At the start of his reign, who did Henry allow to take control of his finances?

A

the Treasury and the Exchequer

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5
Q

Give a problem with the Treasury and the Exchequer when they took control of Henry’s finances?

A

They were inefficient and clumsy

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6
Q

Henry dealt with the administration of finance from his private rooms in the palace from which year onwards?

A

1487 onwards

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7
Q

Henry dealt with the administration of his finances from which two private rooms in the palace?

A

The Chamber and Privy Chamber

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8
Q

Give an example of an institutional reform which involved Henry’s finances?

A

Court of Audit to monitor to monitor government spending

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9
Q

Describe Henry’s financial policies?

A

They were cautious and realistic

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10
Q

How did Henry ensure that the crown was in a stable financial situation?

A

He avoided expensive foreign wars
He exploited his legal rights to claim special payments from his nobles

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11
Q

Give two things that Henry had ensured financially by the end of his reign?

A

Henry had ensured that the crown had built up enough annual income to meet its commitments and that money was carefully accounted for

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