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To what extent did English Government respond effectively to the domestic…
To what extent did English Government respond effectively to the domestic problems which it faced in the years 1529 to 1553
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Finance
Debasement
Def: the reduction in silver content of coins and its replacement by base metal; as a result coins were regarded with suspicion and as a result merchants and shopkeepers put up their prices which resulted in an increase in the rate of inflation whose impact was greatest on low wage earners.
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Bad Harvest - 1527-29
Led to temporary but significant rise in food prices. Food prices almost doubled across Henry VIII's reign - caused more problems for Urban workers
Lots of Urban poverty - over half the population of Coventry were regarded as having no personal wealth
Wages
After a period of stability started to decline for many. This was worst at the end of Henry VIII's reign when the effects of debasement were particually evident