Finance

Finance

The greatest challenge facing Wolsey at home was money. Henry wanted to follow an aggressive foreign policy to prove himself to be the greatest King in Europe, but this was expensive. As chief minister, he was expected to come up with a solution, and realised the existing system direct taxation was no longer working.

Direct taxation demanded that, each community had to pay the Crown a percentage of their moveable goods. Moveable goods eg. furnitures, animals. Non - moveable were lands or building, so it did not count under the value of moveable goods.

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