(Elizabeth (FP) POLICY
I)
£300,000 debt from Mary Nov – Elizabeth succeeds to
throne
1558 In the first 2 years of reign,
Elizabeth paid off £130,000 of William Cecil = Elizabeth’s
domestic debt Secretary of State
Treaty of Cateau-Cambresis £16,000 spent on coronation Coronation in Jan – welcomed Religious Settlement (Act
1559 finalised – no Calais of Supremacy + Act of
Royal Injunctions – report Uniformity)
Henry II died – Mary Stuart recusants to JPs, condemn
= wife of Francis II images, miracles + relics First Fruits and Tenths
restored to Crown
Navy sent to Firth of Forth
to stop French Act of Exchange
reinforcements landing
(2000 French troops)
Army intervention in New commission – proclaimed to Dudley’s wife murdered
1560 Scotland reduce value of debased coins by
25%/^ before this, £1.7million
Treaty of Edinburgh (France in circulation with £1million
and Scotland) debased
Treaty of Berwick – Issued £670,000 new currency –
Elizabeth gave Scottish made a profit of £50,000 by
Lords protection reminting = stability of currency
Cecil made Master of the Court of
1561 Wards
John Hawkins went to Dudley joins Privy Council Survey of JPs – only ½
1562 Africa – slave trade reliable to support
settlement