Henry VII's Financial Aims and Domestic Policies (1485-1509)

These flashcards cover key concepts related to Henry VII's financial policies and domestic governance from 1485 to 1509, focusing on revenue sources, financial management, and administrative strategies.

Henry VII's financial aims were to achieve __ by increasing royal income, decreasing expenditure and restoring the Crown's financial strength.

solvency

Ordinary revenue was the regular income on which the Crown could rely to finance the costs of __.

monarchy

The four principal sources of ordinary revenue included Crown lands, customs duties, __, and profits of justice.

feudal dues

Crown lands' annual income increased from £29,000 in 1485 to __ in 1509.

£42,000

Customs duties provided a third of the Crown's ordinary revenue, with average annual receipts rising from £33,000 to around __.

£40,000

In 1487, the annual proceeds from feudal dues were £350, but by 1507 this had risen to __.

£6,000

Extraordinary revenue was money that came to the Crown on __ occasions and therefore with no regularity.

particular

Bonds and recognisances receipts rose from £3,000 in 1493 to __ in 1505.

£35,000

The king of France promised to pay Henry £159,000 in annual instalments of __ as per the Treaty of Étaples (1492).

£5,000

Henry’s domestic policies included controlling the nobility, co-operating with the Church, and maintaining __.

law and order