WOTR Knowledge Tests (1471-75) “Edward’s Finance And The Economy” Flashcards
Following 1471, trade recovered, how many sacks of wool were being exported per year?
10,000
Between 1472 and 1475 annual taxes increased to a level, not seen since which monarch?
Henry V
In what year did Edward IV negotiate a peace agreement with the Hanseatic League? (After Warwick’s previous piracy)
1474
Edward appointed commissioners to increase efficiency of crown lands, the income from Lancashire, increased from £347 in 1476, to what in 1478?
£880
How did Edward make money from vacant bishoprics?
When a bishop died, he would not re-appoint one straight away so he could keep the taxes from their bishoprics
How much did Edward make from levying extra taxes from priests?
£77,000
How much money did Edward receive from the French pension?
50,000 Crowns (£85,000)
What year was the Black Book and Ordinance introduced?
1478
Trade inspections were held in 1466, 1473 and 1474 with custom duties rising from £25,000 per annum to what?
£35,000
By what year had piracy attacks became very rare?
1483
What did Edward do to support trade in England?
1483, Edward granted a license to two Italians to introduce 20 craftsmen into England who could instruct the English on new methods of finishing and dyeing cloth/ “wafting” was used with royal ships protecting merchant shipping. This was used between 1474-75 with wool fleets to Calais
How many merchants did Edward knight?
18
Crown income rose to what, by the end of Edward’s reign?
£65,000
How much money did Edward have in his coffers when he died?
£1200 (not enough to pay for his own funeral - but he had resolved the debt, and despite increasing finances he maintained an extravagant lifestyle)
