Henry VII Money

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  • Henry VII Money
    • Initially relied on Exchequer system
      • Process seen as slow & inefficient but kept accurate records
      • As reign progressed took a more personal interest - very controlling management style
    • Key Aim: fund ordinary & extraordinary expenditure of government
    • Key Aim: continue his centralisation of power and discipline of the realm
    • Appointed legally trained agents to ensure revenue was collected
      • Sir Edward Belknap - Surveyor of the King's Prerogative
        • Incredibly unpopular
        • Empson & Dudley - hatchet men
      • Belknap & assistants worked on commission basis to collect fines
        • Collected £7,000 in 6 months
    • Most important role: Treasurer of the Chamber - Sir Thomas Lovell (1485-92) & Sir John Heron (1492-1509)
      • Chamber = main financial office - stored wide range of documents
    • Crown land revenue
    • 1509: income £113,000
      • King of France for 1509: £800,000

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