Royal Finances Flashcards
Why did Richard and John tax people heavily?
They were both at war for long periods of time.
What was Richard’s income between 1194 and 1198?
£25,000.
What was John’s income as king?
£22,000-£25,000
How much income did John collect in 1211?
£83,291
Why were the values of revenues falling during the reigns of Richard and John? (2)
Prices were rising rapidly.
Debasement - People taking parts of coins and melting them down to make new ones.
What were two features of how the royal demesne was made up? (2)
Royal hunting forests.
Royal manor estates.
What was the tallage tax? (2)
It was paid by people who were residents in the royal demesne.
It was only paid by peasants and townsmen.
What were the main things that Medieval Kings could call on their subjects to make certain payments for? (3)
Payment to ransom the king from captivity.
Payment to provide a dowry for the king’s oldest daughter.
Wardship Fines.
Describe the features of wardship fines. (2)
It was paid when a baron died and his heir was underage.
The King would decide where the wards lived as well as what training and education they would receive.
What were forest fines?
The King could claim forest fines for people living, working, hunting and foraging on land that belonged to him.
How could John make money by interfering in legal cases?
People would pay him to rule in their favour.
What was scutage?
A payment made in return for not having to fight.
What was the 1207 tax on movables and incomes?
A tax paid by barons to King John, it was based on their goods and income.
What were the role of sheriffs in the government and finance?
They were given an amount of tax to collect from an area, anything else they collected they were allowed to keep.
