INCLASS-Government Facts-Northumberland Flashcards
Who enforced stricter methods of accounting?
Winchester
What was a privy coffer?
this was an emergency household fund
Although Northumberland aimed to reduce expenditure what was unrealistic to expect?
for a mid sixteenth century king to “live within his means”
Who did Northumberland appoint to the task of reforming finances in feb 1550?
William Paulet, the Marquis of Winchester
What role was given to William Paulet, the Marquis of Winchester in feb 1550
Lord treasurer
Bologonge was returned to France for how much?
£133,333
What saw drastic reduction under crown finance?
military and household expenditure
What did debts in 1550 stand at in comparison to £180,000 in 1553?
£300,000
What did debts in 1553 stand at in comparison to £300,000 in 1550?
£180,000
What was a disadvantage and advantage of selling crown lands and Chantry lands?
this raised £200,000 but weakened crown finance in the long term
How much extra ordinary parliamentary finance did Northumberland raise?
£336,000
How much in debts did Northumberland manage to claw back?
£16,000
What were 4 methods used by northumberland to increase crown finance?
- sale of Crown and Chantry lands
- extraordinary finance
- debts claimed back
- borrowed from Europe
What markets had the crown borrowed money from, which later they had to return after a collapse?
Antwerp markets
Who did Northumberland authorise to pay off royal debts whom did a very good job?
Sir Thomas Gresham
Sir Thomas Gresham was appointed to pay off royal debts and did a very good job and managed to renegotiate the loans at a reasonable ___% rate?
12%
What skill from Sir Thomas Gresham benefitted the crown?
his skill at keeping the exchange rate up on English currency
Why did Northumberland introduce new Treason Laws in 1550?
in order to keep control by traditional means in order to prevent the 1549 uprisings
What did the new Treason Laws 1550 reinstate?
censorship
Northumberland as well as the treason laws used the nobility to maintain social order, how did he do this?
through using trusted nobles to keep order using their retainers
IN what year did Northumberland’s government take action to control stocks of grain in order to relieve the crisis caused by the successive harvest failures?
1551
What policy did Northumberland not continue from Somerset?
his anti-enclosure policy
What tax did Northumberland repeal in 1550?
the sheep tax
Instead of attempting new measures to stop enclosures what did Northumberland do which was accepted by the nobles and was rarely enforced?
he enforced existing anti enclosures legislation