Richard Duke Of York’s Economic Policy Flashcards
(10 cards)
What was the expenditure reduction achieved?
Reduced royal household spending to £5,000/year from over £24,000.
What funds were reclaimed?
Recovered £1,000 misused at Eton and King’s College.
What taxation measures were introduced?
Introduced taxes on alien merchants to raise revenue.
How was military funding restored?
Restored funding for the Calais garrison by enforcing repayments from the Staplers.
What was done to maintain stability?
Avoided purging the court, maintaining stability without costly purges.
What was a major weakness regarding reforms?
Reforms were quickly undone when Queen Margaret returned to power.
What structural limitations were present?
Failed to reform long-term revenue systems, leaving the crown land system untouched.
What was the issue with parliamentary dependence?
Remained reliant on Parliament for emergency funding.
What enforcement challenges were faced?
Lacked the capacity to curb noble violence in the shires, such as the Courtenay–Bonville feud.
What is the verdict on the fiscal stabiliser?
A competent fiscal stabiliser whose short tenure prevented the implementation of lasting structural reforms.
