Henry VII and Finance
- Created by: Emily Barber
- Created on: 14-05-13 05:58
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- Henry's Finance
- Crown lands
- Act of Resumption
- Granted less patronage
- Attainder - All Richard's supporters and further rebels and Yorkist threats
- Duchy of Lancaster - rent increased 10-fold under Bray from £650pa
- Customs duties
- provided a third of ordinary income
- Increased over the reign but not by much
- Feudal dues
- Paid to avoid military service
- Increased greatly over the years but were still not a large proportion of income
- Parliamentary Grants
- No regularity
- Only when England was threatened
- Battle of sStoke 1987
- War against France 1489
- Protect the Throne from Scots and Warbeck 1497
- Taxation
- Out of date tax system made it hard to collect required sum of money
- Cornish and Yorkshire rebellions
- Forced Loan
- Not overused therefore worked effectively
- Raised £50,000 to protect Brittany from France aggression
- French Pension
- Treaty of Etaples 1492
- Total £159,000
- Bonds and Recognisances
- Also ensured good behaviour of nobility
- Henry exploited
- Crown lands
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