Henry VII : Government & Finance Flashcards
What are the three main functions of the council?
Advise the King
Administer the realm on the King’s behalf
Make legal judgements
Who worked with Richard Empson in the council learned from 1503?
Edmund Dudley
What institution of administration did Henry VII start using in 1495?
The Privy Chamber
What did the new Book of Rates (1507) lead to a 20% increase of?
Customs duties collected on goods entering the country
What were the two main functions of parliament?
Pass laws
Grant taxation
Henry was promised £200,000 in what between 1504 and 1507?
Bonds & recognizances
What did Justices of the Peace do?
Unpaid role given to members of the gentry to administer justice and maintain law in local areas
What did parliament grant Henry VII in 1487, 1489 and 1496, usually amounting to £30,000
Fifteenths & tenths
How much money did Henry borrow in loans during his reign, all of which he paid back?
£203,000
Who was Henry’s Lord Chamberlain until 1495 when he was arrested for treason?
Sir William Stanley
Crown lands increased by how much over Henry VII’s reign?
5 times
Roughly how much did Henry VII leave in cash at the end of his reign?
£10,000
After 3 years of his reign, Henry abandoned the Exchequer system of royal finances in favour of the Chamber. Why?
It was part of the royal household and gave him personal supervision
How many Knights of the Garter did Henry create?
37
How many times was parliament called in Henry VII’s reign?
7 times
