Northumberland- economics

Question 0

Treaty of Boulogne March 1550 resulted in…being payed to England by France

Answer 0

£133,333

Question 1

Who did Northumberland delegate financial policy to?

Answer 1

William Cecil and Walter Mildmay

Question 2

Late 1550 the silver content of coins was… Of pre-1542 standard?

Answer 2

1/4

Question 3

When were new shilling coins issued?

Answer 3

October 1551

Question 4

Parliamentary taxes made…

Answer 4

£336,000

Question 5

April 1551 how much was gained in the reduction of coin weight to just 3oz?

Answer 5

£160,000 (120,000 in profit for council)

Question 6

From 1550 to 1551 Edwards revenue was £168,150- how much was his expenditure?

Answer 6

Just £131,600

Question 7

About the economy Northumberland said:

Answer 7

‘My expertise be not able to reach so far in this matter’…hence his delegation.

Question 8

Elton suggests that northumberland’s financial policy was…

Answer 8

The basis for sound finance in the reign of Elizabeth

Question 9

What did Northumberland set up in December 1551 and March 1552?

Answer 9

Commissions to investigate the work of revenue courts- leading to stricter collection of crown revenue.