Successes [M1 Economy]

Which two specialized financial institutions were absorbed by the Court of Exchequer to centralize and reform finance

The Court of First Fruits and Tenths and the Court of Augmentations

What major currency reform did Mary's government successfully plan between 1556 and 1558

Plans for full recoinage of the currency

By how much did the 1558 Book of Rates increase customs revenues

Increased custom revenues from 29300 pounds to 82700 pounds

What two political and social benefits did the 1558 Book of Rates provide

Prevented frequent requests for subsidies and avoided financial hardship for the poor

What commercial body was granted a royal charter in 1555 to develop trade links with Russia

The Muscovy Company

What specific commodities did England exchange with Russia through the Muscovy Company charter

Imported naval supplies and herbs while exporting wood and metal work

What was the primary purpose of the Retail Trades Act of 1554

Protected merchants monopolies

How much worth of former monastic lands did Mary successfully pay back to the Church

Paid a total of 10000 pounds worth of monastic lands back to the Church

What financial measure did Mary manage to successfully secure from Parliament in 1555

Managed to secure subsidies from Parliament

How did England's total royal debt compare to rival European superpowers like France and the Holy Roman Empire

England was in less debt in comparison to France and the Holy Roman Empire

What social measures did Mary's government take to manage harvest crises and poverty

Acted against grain hoarders and put JPs in charge of the poor

How much annual revenue was generated by raising rents on crown lands

Raised a revenue of 40000 pounds per annum

Give an example of how the Court of Exchequer successfully pursued Crown debtors

Thomas Egerton was forced to pay 7500 pounds in debts