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By what means did Wolsey seek to manage Crown finance? When Wolsey was Lord Chancellor he wanted to manage the Crown Finance for many reasons. There

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By what means did Wolsey seek to manage Crown finance? When Wolsey was Lord Chancellor he wanted to manage the Crown Finance for many reasons. There is an argument whether it was for personal gain or for the good of the country. If Wolsey were doing it for himself then he would have been doing it for the higher status he would get, the respect he would get from Henry and other powerful people. By being the Lord Chancellor it made him yet more powerful and thus making his bid for being the pope much stronger. The other argument is that he was doing it for the good of the country, and that without his careful guidance the finances would have been in an even worse state. It is also possible that he did it because Henry could not do them or could not be trusted to spend his money wisely Wolsey saw it in the countries interest to do them for him. When he started to manage the Crown finances he used a variety of techniques and acts to raise funds for the king's demands. ...read more.


Many crimes were by the nobility, such as keeping a private army or withholding money and so on. By charging them extortionate amounts of money he can cripple the nobles so they can never fight back but he also raises huge amount of funds for the king. In fact he made ten times the amount that the court made before. In 1522 the war with France demanded huge funds and the only way to raise these amounts were from loans. Although called loans were loans that were never intended to be paid back. The king got away with this by the loans being for the war and thus if the nobility didn't pay they were considered traitors and would be tried and killed. The Anticipated Subsidy of 1523 was Wolsey's way of funding yet another of Henry's wars, he needed �300 000 (six times the normal running costs of the government) to carry on with the war. Thomas Wolsey started collecting the tax before it had been passed through Parliament, Wolsey had anticipated that the subsidy would be passed. ...read more.


In conclusion Wolsey went to any length to try and for fill Henry's wishes, he even broke the law for him. Wolsey had to keep coming up with new ways in which to tax and gather money from the country for Henry's endless need to go to war. There are two views on the way Wolsey went about collecting the money, one is Elton's in which he says that Thomas Wolsey is so arrogant that he feels laws do not apply to him and he can do what he wants. Elton also says that it shows how badly he got on with Suffolk and Norfolk, as they pounced on the opportunity to rescue the king from the riots of 1525. The other view is that actually Wolsey had huge respect for Parliament, which is why he hadn't asked for the next subsidy, due the fact that there was already one being passed at that point in time. It also says that the reasons for poor collecting methods was due to other taxes that still had not been paid. Overall Wolsey did as much as he could and what ever Wolsey came up with Henry would always need more thus his demands were unreasonable and could never be fulfilled. Tom Gerrett 12JT History 10/01/06 ...read more.

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