Edwards domestic policy

?
Duke of Somerset 1547-1549
.....
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Finance
......
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what was his military Expenditure 1547-49?
£600,000
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What deficit did he leave by 1550?
£300,000
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How was Somerset's foreign policy paid for shoeing continuity with Henry VIII?
debasement of coinage
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How much had he raised from the debasement of coinage 1547-1551?
£500,000
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What religious reform had financial motives
Dissolution of the chantries
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Thus what was the crown since it has to borrow and raise money through land sales to achieve a sufficient income? (fancy word)
Insolvent
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Taxation
.....
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When was the Subsidy Act also known as the Sheep Tax?
1548
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How much Tax was there on each sheep?
1p
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How much tex on each pound of wool?
1/2p
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What did this have little impact on and who did it place uncesaary pressure on?
The crown finances, sheep farmer
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When was the tax on personal property (unpopular)?
1549
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Evidence to show these policies unpopularity
Rebellion of 1549
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Social and Economic policy
domestic policy
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What did the inflationary situation throughout the 1540s lead to ?
Increased prices for food stuffs
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What happened to food prices 1520-1550?
doubled
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What happened to wages that caused economic hardships for many ?
they remained stagnant
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What caused prices to increase ?
debasement of coinage
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When was the Antwerp crash that caused a sharp decline in the wool trade?
1551
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Bad harvests led to greater hardships, provide an example of a poor harvest
Poor harvest in 1548
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Why was Somerset referred by historians as a 'friend of the poor'?
He favoured anti-enclosure policies and appointed an enclosures commissioners to stop the policy
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What Act meant able bodied people out of work for 3 days were to be branded and children could be sent to work as apprentices? was it used?
The Vagrancy Act 1547, rarely
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Nature of government
.....
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What was Somerset granted 1547?
Quasi-royal powers
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Name one of Somerset household office;as that dominated government?
Stanhope
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What did he do in relation to the regency council?
Bypass or dominate it
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What did he use instead of parliament to attempt to increase his own power and reduce factionalism ?
Royal proclamations
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How may proclamations did he pass ?
71
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Duke of Northumberland 1550-1553
Historians have seen him as the 'bad Duke' and Somerset as the 'good Duke' but, recently his reputation has been revsised
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Finance and taxation
........
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What was his main objective?
to restore the damaged financial position of the Crown
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Who was his chief financial adviser who was also appointed Lord Treasurer 1550?
Sir William Paulet, Marquis of Winchester
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Name two other financial experts he gave advice to?
William Cecil, Walter Mildway
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When was Recoinage planned?
1551
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However, why was it not carried out until 1552?
Problems with Antwerp cash
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What hated tax from Somerset did Northumberland repeal?
The Sheep Tax 1548
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Poverty (could be used for the economy)
....
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When was the new poor law ?
1552
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What did the 1552 new poor law do?
Made parishes responsible for raising money to look after the deserving poor
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What did Northumberland sponsor to expand and promote trade especially to find alternatives to Antwerp?
Voyages of Discovery 1552
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Reduction in Expenditure
.....
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Explain how Northumberland's foreign policy helped reduce expenditure
He ended the costly war with `Scotland and France, garrisoning of Scotland, 1550 Treaty of Boulogne and got 133,333 and no longer had to maintain the expensive town
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Who caused the introduction of New Accounting methods (like Henry VII)?
Mildway when he lead a commission into crown finances
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Give two reasons of why this new accounting method was better?
More efficient, less corupt
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Debts were reduced from ..... in 1550 to ,...... in 1553?
£300,000, £180,000
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What was this party funded by (religion)?
Selling Chantry
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what did Northumberland lay the foundations for in Marys reign?
Economic recovery
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Style of Government
....
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What did he remove that was under somerset
a factional coup
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What title did he give himself that made him be seen as more inclusive than Somerset?
Lord president
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He removed opponents from the privy Council, give an example (catholic)?
Wriothesley (Earl of Southampton)
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Give an example of political opponent that he removed
William Paget
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What number did he expand the Council to ?
33
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Note, he did did have an inner council, but at what number of member?
16
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When was Somerset re-admittted to the council?
1551
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When was Somerset removed and executed and why?
1552, found plotting against Northumberland
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What helped to restore law and order?
The treason Act re-imposed
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Other cards in this set

Card 2

Front

Finance

Back

......

Card 3

Front

what was his military Expenditure 1547-49?

Back

Preview of the front of card 3

Card 4

Front

What deficit did he leave by 1550?

Back

Preview of the front of card 4

Card 5

Front

How was Somerset's foreign policy paid for shoeing continuity with Henry VIII?

Back

Preview of the front of card 5
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