Management of Finances, Economic and Social affairs

Question 1

When was the new coinage released?

Answer 1

• March 1561

- attempted to battle inflation by adding more precious metals but people did not trust the new coinage

Question 2

How much debt did Elizabeth inherit?

Answer 2

• 227000

Question 3

Alms Act (4)

Answer 3

• 1563
• One of the reforms to tackle the poor and unemployed
• Punishment for ‘sturdy beggars’
• Defined ‘deserving poor’

Question 4

• Statue of Artificers (3)

Answer 4

• 1563
• Reform to battle unemployment by creating a sort of ‘apprenticeship’
• Those under 30 and unmarried were bound to employers

Question 5

Vagabonds/ Poor Relief Act (3)

Answer 5

• 1572
• begging was now only licensed in parishes
• without a license meant punishment was sanctioned

Question 6

Inflation (3)

Answer 6

• Bad coinage inherited
• Growing population could not keep up with demand for food
• Bad harvest (esp 1573, 1785) increased bring of staple foods