Richard III’s Finance Policy

Question 1

What was Richard III’s reign period?

Answer 1

1483–1485

Question 2

What system did Richard III inherit?

Answer 2

A functioning system — but didn’t innovate.

Question 3

What was one of Richard III’s strengths in system maintenance?

Answer 3

Preserved Edward’s reformed chamber finance system and land audits.

Question 4

What pension did Richard III continue to collect?

Answer 4

The Picquigny pension from France.

Question 5

What land reforms did Richard III implement?

Answer 5

Made modest reforms to restore confiscated lands to loyal nobles, balancing favour and revenue.

Question 6

What was a major weakness of Richard III’s reign?

Answer 6

Lack of Innovation: Did not introduce significant new revenue streams during his two-year reign.

Question 7

What military challenges did Richard III face?

Answer 7

Costly military mobilisations (e.g., Buckingham’s Rebellion, Bosworth) with limited resources.

Question 8

How did Richard III alienate London merchants?

Answer 8

By seizing estates, causing instability.

Question 9

What legal issue arose from Richard III’s actions?

Answer 9

The seizure of Woodville and Hastings estates led to short-term gains but resulted in legal confusion and elite distrust.

Question 10

What is the verdict on Richard III’s financial management?

Answer 10

A competent caretaker of Edward’s financial system, Richard III lacked the time, stability, or political legitimacy to expand upon it.