MARY I ECONOMY

Question 1

WHAT problems did ordinary people face under Mary I that affected the economy?

Answer 1

• Harvest failures in 1555 and 1556, leading to food shortages
• Sweating sickness in 1557-8

Question 2

WHAT was the inflationary situation under Mary I?

Answer 2

Inflation continued to increase due to:
* Population increase
* Increased debasement
* Harvest failures

Question 3

WHAT financial reforms did Mary I introduce during her reign?

Answer 3

• The Court of Exchequer took over the Court of First Fruits and Tenths AND the Court of Augmentations, and used their superior methods.
• More efficient financial administration under Winchester
• Plans for recoinage 1556-8
• EdVI’s subsidy was fully remitted (lost money, but made her popular)

Question 4

WHAT was the impact of Mary I’s financial reforms?

Answer 4

While many had little impact during her reign, Elizabeth benefited from the changes after Mary died.

Question 5

WHAT poor relief did Mary I introduce for labourers?

Answer 5

• Plans to enforce laws against grain hoarding
• Encouragement to correct pasture land to tillage (move from animals to crops)