W's domestic policy : Finance

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13 Terms

1
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What became standard parliamentary tax?

Subsidy, replaced old system of 15ths and 10ths

2
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What did subsidy require?

Tax payers to give info of their property and income to tax officials who determined their payment

3
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When was the last time a subsidy style arrangement was used?

1334, crown raised sums based on accurate assessments, still not enough to fund H’s wars

4
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How much was demanded as subsidy by Wolsey and what for?

4 shillings in the pound, brought in £800,000. For French wars

5
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How uch was actually bourhgt in by subsidy?

£300,000

6
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What was arranged in 1525?

Commissioners sent to collect Amicable Grant for France

7
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What were the sum of the forced loans and what were they used for?

2 forced loans of £200000, to fund war, repaid to clergy, subsidy still being collected

8
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What happened in East Anglia?

10000 men assembled at Lavenham in opposition, H had to cancel the Grant

9
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Who did H blame for the failure of the AG?

Wolsey was used as the scapegoat

10
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What did W try to do to increase revenue?

Increase it from crown lands given away at the start of H’s reign

11
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How much did income from crown lands drop by?

£400,000 to £25000

12
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What was raised in 1515?

An act of resumption, made some success in restoring crown lands, but not enough

13
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How much did W raise in total?

Over £322,000 in subsidies, £240,000 in taxation and £260,000 in forced loans, not enough to cover the £1.7 million spent