Henry VII Financial policies question
- Created by: IrvineSessions
- Created on: 01-05-18 14:48
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- Henry VII's financial policies were the most important reason for the success of his rule
- Financial policies
- Parliamentary grants
- Requested parliamentary assistance in 1487, 1489, 1496
- Increased taxes
- Requested parliamentary assistance in 1487, 1489, 1496
- Crown lands
- Took control of all lands belonging to members of the House of York
- When a landowner dies, land is given to the king
- Escheats
- Customs duties
- provided a 1/3 of royal revenue
- reduced some privileges of foreign merchants (immunity from English taxation)
- Feudal dues
- enforced rights of feudal dues to max
- Clerical taxes
- Simony
- Selling Ecclesiastical property or goods
- received money from the church
- Simony
- Bonds and Recognisance
- Forced members of the nobility into B&R
- to guarantee good behaviour
- Bonds (written obligations)
- Recognisance
- Forced members of the nobility into B&R
- Privy chamber
- Gave Henry closer control of the country's Finance admin
- Importance members: Empson and Dudley
- Feudal obligations and Foreign pensions
- Treaty of Etaples pension
- Henry could demand payments from his subjects
- exploited this
- Loans and Benevolances
- 1496 - appealed to landowners for financial support
- asked for sums of 10,000
- 1491 raised a forced loan (Breton crisis)
- 1496 - appealed to landowners for financial support
- Parliamentary grants
- Consolidation of Power
- First parliament
- Made Ed V illegitimate
- Declaration of King's title
- Dated start of reign, day before battle of Bosworth
- To not be accused of usurping the throne
- able to accuse RIII supports of treason and arrest them
- Coronation
- wore purple - symbolises royalty
- Crowned by the Archbishop of Canterbury
- display of kingship to the people
- 30 October 1485
- Propaganda
- Tudor Rose - symbolic (end to the WOTR)
- Named first son after King Arthur, defender of the English
- Beaufort portcullis in HVII chapel in WA
- Marriage to Elizabeth of York
- United the two houses of the WOTF
- EoY - the peoples princess
- Helped to secure/ strengthen his claim to the throne
- First parliament
- Foreign policy and recognition of foreign powers
- Spain
- Treaty of Medina Del Campo, 1487
- Trade relations established (reduced tariffs)
- Marriage between Prince Arthur and Catherine of Aragon
- Promised not to harbour any pretenders
- France
- Failed campaign in Brittany (Breton crisis)
- Treaty of Etaples 1492 was the outcome of the war
- France would pay a pension of £142,000 to Henry
- increased crown finances
- country financially secure
- increased crown finances
- Scotland
- Treaty of Perpetual peace, 1502
- Marriage between Princess Margaret and James VI
- Truce of Ayton, 1497
- Treaty of Perpetual peace, 1502
- Trade
- Intercursus Magnus, 1496
- Free trade for English traders
- Trade in Netherlands and Burgandy (exclu. Flanders)
- Stable trade
- Intercursus Magnus, 1496
- Spain
- Argument: financial policies were important aspect but not possible without consolidation of power or foreign policy
- Response to rebellions and pretenders
- Lovell and Stafford Rebellion, 1486
- soon collapsed
- Yorkshire Rebellion
- Quickly put down by army, under Earl of Surrey
- Result of taxation for French wars
- issued pardons to maintain peace
- Cornish Rebellion
- Easy to put down as rebellion was practically leaderless
- Battle of Blackheath - 1,000 rebels killed
- Lambert Simnel
- Battle of Stoke, 1487 - last war of the WOTR
- Henry had the real Earl of Warwick in the TOL
- later executed in 1499
- Perkin Warbeck
- Used trade treaties to reduce support for Warbeck
- countries promised not to harbour pretenders
- More difficult, as no prove he wasn't Richard of York
- Truce of Atyon with Scotland in 1497
- Warbeck expelled from scotland
- Became HVII prisoner
- executed in 1499
- Became HVII prisoner
- Warbeck expelled from scotland
- Used trade treaties to reduce support for Warbeck
- Lovell and Stafford Rebellion, 1486
- Financial policies
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