Money

Question 1

The exchequer + the chamber - What was the exchequer?

Answer 1

govt body, dealt with all aspects of king’s finances

Question 2

The exchequer + the chamber - Who waist charge of the exchequer?

Answer 2

Treasurers + chancellor

Question 3

The exchequer + the chamber - What improvement did EIV believe needed to be made? What does he do?

Answer 3

exchequer needed to be more efficient

starts to use chamber to bypass exchequer

Question 4

The exchequer + the chamber - when did EIV get royal finances solvent?

Answer 4

1480s

Question 5

The exchequer + chamber - What does HVII do with the exchequer + chamber?

Answer 5

continues using chamber to bypass exchequer

Question 6

Profits of justice - What are they?

Answer 6

criminals fined as punishment for certain crimes, fines go to king

Question 7

Profits of justice - What is the job of the exchequer?

Answer 7

organise and check fines collected - lawyers pursue this - however crown had to pay lawyers

Question 8

Profits of justice - How did HVII approach this?

Answer 8

extreme in sticking to system of bonds and recognisances - nobles behaved out of line, estates jeopardised

Question 9

Profits of justice - How did HVII control his nobles?

Answer 9

nobles under bonds - 1/2 - 2/3 under financial penalties when HVII died

Question 10

Profits of justice - How did HVII take this to an extent where it could have been seen as almost illegal? How did the nobles react to this after HVII had died?

Answer 10

fines for potential bad behaviour

HVII died, nobles got rid of them + executed Empson and Dudley (2 royal servants associated with them)

Question 11

Custom duties - Were these a significant part of the king’s income?

Answer 11

yes - one of the biggest sources of income

Question 12

Custom duties - What were they imposed on?

Answer 12

foreign goods coming into country + English exports

Question 13

Custom duties - what was England’s biggest export?

Answer 13

wool

Question 14

Custom duties - What happened when the wool trade declined?

Answer 14

income from custom duties reduced by about 60%

Question 15

Custom duties - What could disrupt trade? Which king was most affected by this?

Answer 15

piracy
french raids
HVI - finances = so bad he had to rely on loans he could not repay

Question 16

Custom duties - Which king improved them? How?

Answer 16

EIV
increased stability of 2nd reign
sensible trade treaties

Question 17

Money and statistics - How much did HVI owe in the mid 1450s after the loss of lands in France?

Answer 17

£372, 000

Question 18

Money and statistics - Who did EVI get an annual pension from? When was this agreement made?

Answer 18

King Louis XI

1475

Question 19

Money and Statistics - What was the financial situation when EIV died?

Answer 19

solvent

Question 20

Money and statistics - By what percentage did HVII increase royal income?

Answer 20

40%

Question 21

Money and statistics - What was the average royal income under HVII?

Answer 21

£100, 000

Question 22

Money and statistics - Why did kings in the 14th Century tend to be much wealthier?

Answer 22

wool trade

Question 23

Money and statistics - What was HIV’s income?

Answer 23

£90, 000

Question 24

Money and statistics - What was HVI’s income?

Answer 24

£24, 000

Question 25

Money and statistics - What treaty secured HVII a pension for not fighting?

Answer 25

Treaty of Etaples

Question 26

Money references throughout the topic - Which king spent a lot of money on founding Eton college?

Answer 26

HVI

Question 27

Money references throughout the topic - Which king was unable to pay his servant’s wages by the time he died? What had to be done to pay off his immediate debts?

Answer 27

HV

had to sell personal jewellery and even ships

Question 28

Money references throughout the topic - Which king used the money he had to showcase his majesty? Examples of this?

Answer 28

HVII

extended Westminster Abbey + big programme of palace building