A-Level Notes > Stratford Upon Avon Grammar School For Girls A-Level Notes > AQA History AS - 1B: Britain, 1483-1529 Notes
Henry Vii's Financial Policy Notes
This is a sample of our (approximately) 3 page long Henry Vii's Financial Policy notes, which we sell as part of the AQA History AS - 1B: Britain, 1483-1529 Notes collection, a A* (100 UMS) package written at Stratford-Upon-Avon Grammar School For Girls in 2010 that contains (approximately) 57 pages of notes across 27 different documents.
Henry Vii's Financial Policy Revision
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Henry VII's Financial Policy
! Henry did not inherit anything -‐ poor ﬁnancial situation
! Needs money to keep the support of the nobles and to protect against pretenders
By 1509 -‐ leaves the throne solvent for his son
Henry realises the power of money => unpopularity
Money is a way of gaining loyalty
Will Henry VII's ﬁnancial changes last?
! Francis Bacon -‐ 'he coveted to accumulate treasure'
! Did not create any new sources of revenue
‣ Exploited existing revenues in a more determined and systematic way than his
! Greatest landed estate of any King since William I
‣ Rents -‐ annual income increased from £12,000 in 1485 to £40,000 by 1509
Systematic exploitation of rents
! Increase in royal lands
‣ Attained from Bosworth and Warwick's lands
‣ 138 attainders during Henry's reign
‣ 1495 -‐ heir to Jasper Tudor's estates
‣ 1502 -‐ death of Arthur => land reverted to the Crown providing an additional
£6,000 a year
! Exploited with increased eﬃciency
! 1501 -‐ all large landowners were now legally tenants-‐in-‐chief
‣ This widened the number of deaths to be exploited by Henry
1503 -‐ Henry created the post of Master of
‣ Ensured wardships were being properly exploited
! 1508 -‐ new oﬃcial, Surveyor of the King's Prerogative
‣ Job to discover where the King's special rights had been infringed
- Formalised what Empson and Dudley had been doing
! Traditional grants were the Fifteenth and Tenth
‣ Tax assessed as a ﬁxed sum on each community
‣ Usually brought in about £30,000
! For the purpose of security at home and during war
‣ 8 were granted during the reign
‣ Henry played on people's fears
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