GENERAL

what was his salary by the end of his reign

100 - 113k

left H8 £2m behind

signs he was broke at the start of his reign

• had to take out loans for wedding and coronation

• when feast of St. George was to be celebrated at windsor of 1487, there wasn’t enough money to pay for it

what was the act of resumption (1486) and what did it do?

• returned all crown lands and money lost since beginning of wars of the roses

• increased the value of crown lands from £3000 to £40,000 by end of reign. amount of crown lands multiplied by 5x

what were feudal dues?

• H had rights to any money as he was sole owner of kingdoms land. Could demand:

1. relief - paid for through inheritance

2. marriage - right to arrange marriage for profits

3. wardship - managing estates for underaged heirs

4. livery - payments made by heirs when they reach adulthood - pay to get land

what did he invest in and why?

jewels and plate - valuables with stable worth

loans to foreign countries and benefits

• £226k to maximillian of HRE

• £138k to Phillip of Burgundy

• never paid back, but paid dividends in terms of loyalty and diplomatic alliance for long.