• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Success of Henry VII in strengthening the financial position of the Crown.

Extracts from this document...

Introduction

Success of Henry VII in strengthening the financial position of the Crown. Crown lands. Crown lands were the king's estates. There were many ways in which Henry increased the yield of his crown lands. * Henry gained a lot of land from the Battle of Bosworth by naming himself king before the day of the battle therefore making all his opponents traitors and had the right to attain them all. * He gained a lot of land partly by good fortune from York and Lancaster. * Henry was not as generous as pass kings e.g. Edward IV, and kept most of his lands to himself but with the exception with some people like his mother, his uncle Jasper. * Used escheats, which were a right for the king to have lands passed to him when men died without heirs. ...read more.

Middle

* Livery, the payment to recover lands out of wardship. * Marriage, right of crown to arrange marriages for unmarried heirs/heiresses. * Relief, payment made so that the crown recognised inheritance of land rather then reclaiming it to the throne. Effectiveness of policy. Initially the proceeds from wardship and marriage were small, amounting to only �350 in 1487, but after 1503 a special officer was appointed to supervise them and by 1507 the annual income was �6,000 a massive increase. Revenue through the operation of the judicial system. As monarch, Henry was head of the judicial system and was therefore entitled to its profits. Henry made the most of this by doing a number of things. * Fines: Henry was eager to exact fines rather then imprisonment or execution to increase his incomes. * Attainders: Method of punishment whereby the profits from the attained persons lands go to the crown. ...read more.

Conclusion

Effectiveness of policy. It was effective in the way it was quite successful as Henry had only asked modest amounts of money from his subjects and had always repaid back, probably to lessen the risk of rebellion of some sort. Feudal obligations. As feudal overlord Henry could demand money from his subjects for special occasions e.g. the knighting of his eldest son, marriage of his eldest daughter. Effectiveness of policy. Anyone who earned more then �40 p.a. had to become a knight, along with the financial burdens that it entailed in military service. So this would have made a lot of money to add to the kings income from the financial burdens. Clerical dues and other income from the church. Convocation usually offered money when the king was requesting it from the parliament grant e.g. in 1489 when �25,000 was raised for the French war. Effectiveness of policy. Due to a rash of deaths amongst the bishops in the last years of the reign, Henry received over �6,000 per annum in this way. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level British History: Monarchy & Politics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level British History: Monarchy & Politics essays

  1. How effective was Henry VII as a monarch?

    Henry's ability to use clemency enabled him to prevent further uprisings and his opportunistic nature enabled him to use a situation to his advantage and squander the last among the Yorkist threats. With regard to foreign policy, Henry had three main aims - these were to further the interest of

  2. Henry VII and His Money.

    As was suggested in Study Unit 1, the kingship which Henry Tudor took upon himself was of itself powerful. The whole of English society was organized in such a way that the King was at the centre of all political, social and legal activity.

  1. This essay examines the actions of Charles VII in relation to events pertaining to ...

    New York: J.B. Lippincott, 1990. This book proved to be an excellent source on the study of Joan of Arc as it provided detailed information in addition to valuable insights into the human relationships and emotions involved with the main figures of the time.

  2. Essay on ways in which Henry VII was successful

    He was in danger of when his son, Arthur succeed the throne the nobles rebel against him in worries he would be like his farther and treat the nobles poorly or simply the nobles take out there discontent for his farther upon him.

  1. Was Henry VII a successful monarch?

    Thus, Henry drew his strength from the loyalty of the common classes, not from the feudal nobility. Finance Under Henry VII, England experienced a fundamental shift from feudalism, to a policy of government-directed economic development, based on a conscious design to promote the General Welfare.

  2. How successful was Henry VII in strengthening his authority as King in the years ...

    Henry again strengthened his authority by introducing effective policies on law and order. As well as disciplining his authority over the country as a whole, it particularly impacted upon the nobles. Acts of Attainder were often used against acts of treason by nobles, and from 1485 to 1495 Henry had attainted 80 people who had committed crimes against the Crown.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work