Henry VII Finance

?
At the start of his reign, by how much did the Crown's income from land rent drop per year?
£12,000
1 of 13
What was the inefficient system used in the beginning to collect and administer income?
Court of Exchequer
2 of 13
What year did Henry revert the Court of Exchequer to the Chamber?
1492
3 of 13
From this, what was the income from land by the end of his reign per year?
£42,000
4 of 13
Who were the treasurers of the Chamber?
Sir Thomas Lovell and Sir John Heron
5 of 13
What is a fedual aid
A right by whcich the Crown could impsoe a tax on their tenants for the knighting of the eldest son, the marriage of a daughter or to ransom a lord
6 of 13
WHen did Parliament grant a fedual aid?
1504
7 of 13
What is wardship?
An aspect of the feudal system which enabled the Crown to gain the profits from property held by a minor.
8 of 13
What did Parliament grant Henry VII at the beginning of his reign which would continue for life?
Tonnage and poundage
9 of 13
Name one treaty signed with a foreign power which would allow Henry to be given a sizable pension
Treaty of Etaples - France would provide £5000 per annum.
10 of 13
How much extraordinary revenue did Henry receive in total?
£400,000
11 of 13
What was the risk concerned with extraordinary revenue?
It helped to provoke rebellions in 1489 and 1497
12 of 13
What did Henry promise Parliament in 1504?
Not to raise any more money through extraordinary revenue.
13 of 13

Other cards in this set

Card 2

Front

What was the inefficient system used in the beginning to collect and administer income?

Back

Court of Exchequer

Card 3

Front

What year did Henry revert the Court of Exchequer to the Chamber?

Back

Preview of the front of card 3

Card 4

Front

From this, what was the income from land by the end of his reign per year?

Back

Preview of the front of card 4

Card 5

Front

Who were the treasurers of the Chamber?

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar History resources:

See all History resources »See all The Tudors: England 1485-1603 resources »