How well did Henry VI manage his financial Resources Flashcards
1
Q
Which Colleges did Henry give endowments to in 1440 + 1443
A
Eton and Kings
2
Q
When was the first act of resumption passed?
A
1450
3
Q
Who were the clerics in Henry’s household he Favoured?
A
Molynes (Keeper of the privy seal) and Ayscough (Kings Confessor)
4
Q
Who did most of Henry’s patronage fall upon?
A
Suffolk
5
Q
Did Henry VI inherit financial debt?
A
Yes
6
Q
Why had crown lands revenue decreased?
A
He had given it all away in patronage to favourites
7
Q
What had customs revenue plummeted to?
A
from £40000 to £28000 by 1448
8
Q
What were the taxes in 1445-1449 used for?
A
To pay off crown debt instead of building a war chest
9
Q
What was the Crown’s financial state by 1450?
A
Bankrupt and facing accusations of corruption and over extravagant living
