Henry VII royal finances 0.0 / 5 ? HistoryBritish monarchy - Tudors and StuartsThe Tudors: England, 1485-1603ASAQA Created by: theblazingoptimistCreated on: 30-01-16 12:32 What was the Exchequer? The trad. office dealing w/ financial methods. Received income from royal property. 1 of 18 Name two advantages of the Exchequer. Accurate + familiar. 2 of 18 Name two disadvantages of the Exchequer. Not part of royal household, difficult to control its actions 3 of 18 What was the Chamber? Oversaw King's private expenditure 4 of 18 Name two advantages that the Chamber had over the Exchequer Used recievers + officials to get most profit from estates, faster 5 of 18 Name three ways that royal finance developed under Henry VII. Henry had supervisory role, auditing capacity improved (surveyors appointed), strengthened chamber personnel, e.g Reginald Bray 6 of 18 How did feudal dues improve under Henry VII? Used them to ensure good behaviour + benefitted from wardships in powerful families, e.g Earl of Northumberland's death 7 of 18 What were customs duties? Paid on goods entering/leaving the country 8 of 18 What was tunnage and poundage? Taxes on exports and imports, respectively 9 of 18 How did Henry VII improve the use of customs duties? Introduced certificates for coastal trade 10 of 18 What were legal dues? Money from payments by people appearing before the King's court 11 of 18 What were loans and benevolences? King's right to ask for financial help in emergencies. 12 of 18 What Council was used to enforce these payments? The Council Learned in the Law 13 of 18 What were clerical taxes? Taxes which the King could levy on the Church 14 of 18 Why were clerical taxes important? The clergy were exempt from paying taxes to parliament, so they were the only way of securing money from the Churc 15 of 18 What were parliamentary taxes? Taxes by parliament to finance royal policies, eg military action 16 of 18 How were parliamentary taxes paid? Taxes on movable property - "fifteenths and tenths" 17 of 18 Why were parliamentary taxes avoided? Often unpopular, triggered two rebellions (1489 Yorkshire, 1497 Cornwall) 18 of 18
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