Edexcel A-level History Summary of the Kings' finances (Lancastrians, Yorkists and Henry VII )
34 views 0 purchase
Course
Lancastrians, Yorkists and Henry VII 1399-1509
Institution
PEARSON (PEARSON)
This is a summary of the finances of the different kings for Edexcel A-level History, the Lancastrians, Yorkists and Henry VII paper . This document was created using the Edexcel History textbook.
King Examples of how he managed his finances (either successfully or unsuccessfully)
Richard II Kings obliged to recognize the hereditary claims of noble families. Failure to do so-
1399 Richard disinherited Bolingbroke and in response Henry overthrew the king.
Henry IV Retained the very substantial lands he had held as the duke of Lancaster. Charter
from 1399- duchy continue to be treated in same way as if he had never become
king. Duchy of Lancaster gave a substantial source of private income. Personal
wealth of the Lancastrian kings and weak political position of Henry IV as a usurper,
meant that parliament was less likely to be forthcoming with taxation for his use.
Average income of the Duchy was £11,000 and contributed to £1,120 per annum.
Difficulty balancing royal revenue with expenditure.
Henry V Henry V waged an expensive war with France, he dies heavily in debt. After he died,
his jewellery and ships had to be sold to pay back money to creditors of the crown.
Placed the Duchy’s private administrative council under the close supervision of
crown officials and sought to increase further the profitability of the farming of the
estate. Annual revenue of Duchy increased to £13,000 and £4,400 supported gov
finances each year. Difficulty balancing royal revenue with expenditure. Relatively
little difficulty in obtaining necessary grants of tax.
Henry VI In 1450, one of the criticisms made by angry subjects during Cade’s rebellion was
that the king was so in debt he could not pay for food and drink for his household.
Vulnerable to be exploited for royal demesne. Duchy revenues suffered from the
lack of strong personal leadership, little close supervision of Duchy finances. Duchy
lands diverted to fund Eton College and Kings College Cambridge. King gave away
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller 00helin. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.10. You're not tied to anything after your purchase.
