Finance

• Who developed the subsidy in England?

  Wolsey
• What was the main parliamentary tax that was seen as unfair?

  The Fifteenths and Tenths
• On what basis was the subsidy calculated?

  On income, not property
• In which years did Wolsey use the subsidy for war against France?

  1513 and 1523
• What significant event occurred during the Parliament of 1523 regarding taxation?

  Serious arguments about levels of taxation needed for war against France
• How did Wolsey's performance as a parliamentary manager get perceived despite receiving less than he hoped for?

  It was unfair to see him as a bad parliamentary manager
• Why were higher than usual rates of taxation requested from Parliament?

  To pay for Henry's active foreign policy and war
• What was the traditional extraordinary tax that Wolsey raised in 1522-3?

  Forced Loans
• What was the purpose of the major inquiry launched by Wolsey in 1522-3?

  To assess England’s financial and military capacity
• What was the Amicable Grant of 1525?

  A second forced loan demanded while the previous forced loan was still being collected
• What was the outcome of the popular disturbances in East Anglia regarding the Amicable Grant?

  The king withdrew the tax and blamed Wolsey for imposing it