Henry VII Money
- Created by: madeleineross
- Created on: 10-05-19 16:06
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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
- Sir Edward Belknap - Surveyor of the King's Prerogative
- 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
- Initially relied on Exchequer system
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