Edward also inherited the problem of England’s dire financial situation. Through all the defeats from the wars with France, England had lost not only land but also a lot of money. Under Henry the financial incomings and outgoings of England had been disorganized. When Edward came to the throne, he oversaw much better management of finances. He took a personal interest in commerce and the financial position of England which had a positive effect, making England more financially stable. Edward has been successful in improving the finances of his country. In doing this, he is showing his capabilities as king and gaining respect and authority. However, when his reign ended in 1470, England was still in recession so therefore had not fully recovered financially and Edward has not completely succeeded in this aspect.
Edward had successes and failures with his foreign policies. When there were first Lancastrian invasions from Scotland, he sensibly left Warwick to deal with this whilst he concentrated on the South, showing his French rival that he would not be easy to destabilize. However, when Warwick was keen to secure an alliance with France, Edward did not share the same enthusiasm, preferring to seek treaties with Brittany and Burgundy, nor did he choose to marry a French princess. In fact, Edward was ready to invade France. Because of this, Louis XI gave further support the Lancastrians, helping with a crucial invasion that led to Henry’s restoration. Therefore, Edward has not fully succeeded in this area. He has provoked the French which helps lead to his defeat. He would have gained support from the people as they would not have been keen to ally with France, but he still loses royal authority as France gains power over England.
Edward took a great interest in law and order, keen to establish royal authority in the realm by defining and keeping to laws. He made sure that those who oversaw cases did justice and did not question the king’s authority by ignoring a law or violating his peace. In such examples, he would intervene where possible in person. He would travel the country and oversee trials to ensure this. Because of this, the justice system improved. However, there were still pockets of lawlessness around the country, such as rebellions and uprisings of Lancastrians. Although Edward was determined to take no nonsense, the crime rate did not decrease significantly. Edward has asserted royal authority to an extent here as he has shown he is not willing to ignore law and order and let his nobility deal with it, but his actions have not had a great effect in practice.
An obvious problem Edward faced was the Lancastrian opposition. In order to secure royal authority he had to secure power over the opposition. Henry used the policy of conciliation gain respect and support from the Lancastrians. He acted generously towards them, restoring their titles and giving them land in order to keep them from rising up against him. This to an extent was successful. It prevented immediate strong rebellions against the king. However, it was not stronger than the family loyalties of the Lancastrians and Edward was left to rely on his strong Yorkist supporters. The land remained divided with many Lancastrian uprisings throughout the country. Here, his royal authority had not been determined as the Lancastrian support seemed to be beyond his control.
Edward had certainly restored royal authority to an extent by 1470. He has shown that he was not willing to be ruled by others and that he will take an interest in seeing that the country is run how he desired and that his authority should not be undermined. However, he is not entirely successful as there are still aspects which he failed to completely succeed in. Some of these may have been beyond his control, for example he could not have ensured the lawlessness of the whole country. He loses his crown the following year, showing that he had obviously not restored royal authority completely by 1470.