successes and failures of Henry's finances Flashcards
success- revenue
it increased by 45%
failure- parliamentary grants
they caused two rebellion
Yorkshire in 1489 and Cornish in 1497
had to spend £13155 to put them down
success- custom revenue
went from £3000-40,000
failure- solvent
he did not leave much reserve for Henry VIII as it only lasted him two years
failure- small income
compared with other European countries
French king - £800,000/year
Henry- £1133,000/year
success- appearance
he appeared wealthy and impressed his contemporaries
-seemed powerful and wealthy by spending lots
success- trade
encouraged trade which helped boost the economy
failures- policies
like bonds and recognisances as they alienated the nobility and by the end of his reign they were plotting against him
success-chamber
changed from the exchequer to chamber, as Henry could have more control over it which prevented corruption
increased from £12,000 to £100,000
