Henrys finances

Question 1

What was henry’s attitude towards finances

Answer 1

• H aware of importance of strong financial base
• sums of revenue together with financial security was essential if H ever needed to raise an army
• did not feel secure unless he was rich

Question 2

What were the types of ordinary revenue available to Henry

Answer 2

• crown lands
• Fuedal duels and obligations
• bonds and recognicances
• profits of justice

Question 3

What were the types of extraordinary revenue available to Henry?

Answer 3

• Parliamnetry grants
• loans
• french pension
• clerical taxes
• fuedal aid

Question 4

Did Henry give away much land and did this increase royal income

Answer 4

• H didnt give away too many titles and land to his supporters or relatives so much more property kept in kings personal estate
• this revenue went to towards Henry’s royal finances
• annual income of crown lands increased to £42000 by 1509

Question 5

What was the act of attainder and how did this Benefit Henry

Answer 5

• H gained more land from his own assets

Question 6

What was the act of resumption

Answer 6

• Passed Act of Resumption in 1485 which recovered all crown properties previously given away since 1455 but didn’t take all lands to keep nobility on side.
• Henrys attitude towards gaining and receiving land meant size of Royal Estates increased by 45% by end of reign in 1509.

Question 7

How did Henry take advantage of the catholic church to increase finance

Answer 7

• used clerical taxes
• taxation fines and loans.
• Where Church should supply money to the king in any emergencies, this was used in 1489 toward the French war which supplied Henry with £25,000