A* timeline of economy for AQA A Level History students studying Tudors (the breadth study.) Covers Henry VII to Elizabeth I. Written by a student now studying at Oxford University. Following this summary will guarantee you the top marks.
1485-1509: Henry VII
1485: Bankrupt throne with an income of around £12,000 per annum. Crown Lands income at £29,000.
1491: Raised £48,000 through Loans and Benevolences for the war with Brittany.
1492: After the Treaty of Etaples, annual French pension of £159,000 in a £5,000 annual sum.
1493: Bonds and Recognisances receipts at £3,000.
1505: Bonds and Recognisances receipts rose to £35,000.
1507: Feudal Dues (Wardship) income rose to £6,000.
1509: Crown Lands income increased to £42,000.
1509-1547: Henry VIII
1520s: Agricultural prices increased, partly due to engrossing. Debasement began, providing short-term
economic benefits.
1520-21: Bad harvests, leading to almost doubled food prices.
1526: Debasement began, causing long-term harm to the economy.
1533-34: Government-sponsored efforts to increase cloth exports led to a 25% increase in exports.
1542 and 1544: Wars with Scotland (began 1542) and France (began 1544) cost over £3 million.
1547-1553: Edward VI
1547: Chantries Act: sold chantries for financial reasons, ending around 2,400 chantries.
1547: Established a Court of Requests to hear cases of the poor against the wealthy.
1548: Poor harvest exacerbates inflationary pressures.
March 1549: Imposed a 5% tax on personal property and a tax on sheep. Deeply unpopular and repealed by
January 1550.
January 1550: Sheep tax and Vagrancy Act repealed.
March 1550: Treaty of Boulogne brings a payment of £133,333 (400,000 crowns) for the return of Boulogne.
1551: Debasement results in silver coins being 75% copper.
1551: Collapse of the cloth trade with Antwerp leads to increased unemployment.
May 1551: Coinage debased for the last time.
1552: Begins reminting the coinage at its 1527 levels to tackle existing inflation.
1552: Continues to pillage the church; chantries are sold, and church plate is melted for bullion.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller sc226039. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £3.49. You're not tied to anything after your purchase.
