Please enable JavaScript.
Coggle requires JavaScript to display documents.
Henry VII - finances - Coggle Diagram
Henry VII - finances
Ordinary revenue
-
Custom duties initially brought in 70,000 pa under Edward IV but had dropped to 40,000 - still providing a third of ordinary revenue
Smuggling was a huge problem in Europe and the income from trade depended heavily upon the relationships between royal powers
-
-
Conclusions
henry was accused of being greedy - he had made the most of all methods and means to improve his income
He spent money in order to maintain a lavish court creating the important image of power to dissuade potential challengers to the throne
Crown income had risen to £113,000 per year and restored the solvency of the crown, giving it greater freedom and action.
However was nothing compared to other kings eg the income of the French king was about £800,000 per year
Extraordinary revenue
-
Asking wealthy subject for loans in times of need brought in 203,000.
-
The church
Would make a contribution when parliament had granted the king money eg in 1489 - the church raised 25,000 towards the expedition to France.
Less justifiable methods were used eg selling church offices and charging 300 for the archdeaconry of Buckingham. Also left Bishopric vacant so that he could claim the revenue making over £6000 pa
Feudal aid - the result of the king being chief feudal lord was levied on special occasions eg the knighting of Prince Arthur brought in £30,000 and the marriage of his daughter Margaret to James IV of Scotland
-
-