Henry's finacial policy

Created by: dorine ndongozi
Created on: 07-05-13 11:10

ordinary revenue - Custom Duties

Granted by parliment for life, cracked down on corrupt officials and updated the BOOK OF RATES, custom duties rose from 33,000 to 40,000

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ordinary revenue - crown lands

Kings MOST IMPORTANT SOURCE OF REVENUE much land was taken under the acts of attainder, income rose from royal estates from 12,000 to 42,000 in 12 years

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ordinary revenue - feudal dues

the king was a landowner and granted land to tenants in chief, if the chief died without and heir, the land became the Kings. if the heir was a minor, the king could inherit land as wardship and when they came of age they would pay to recover land

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feudal dues continued..

all tenants in chief were expected to pay an aid to the king on the knighting of the eldest son, annual income rose from 350 to 6,000 in 20 years

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revenue

henry first used the exechequer system but only received 11,700 in the first year, needed money for his coronation and marriage and northern rebellion, he therefore switched to the chamber system as he was in charge of it himself

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Other cards in this set

Card 2

Front

ordinary revenue - crown lands

Back

Kings MOST IMPORTANT SOURCE OF REVENUE much land was taken under the acts of attainder, income rose from royal estates from 12,000 to 42,000 in 12 years

Card 3

Front

ordinary revenue - feudal dues

Back

Card 4

Front

feudal dues continued..

Back

Card 5

Front

revenue

Back

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Henry's finacial policy