finnancial challanges

• What was the financial situation of Elizabeth's reign?

  It was financially difficult
• How could Elizabeth raise money?

  Through rent and income from land
• How much debt did Elizabeth have?

  £300,000
• Why were Elizabeth and her government in so much debt?

  Due to poor financial management
• What were the methods Elizabeth could use to raise funds?

  • Rent and income from land
  • Epilares agreed by Parliament
  • Profit from fines and criminals
• What could Elizabeth do to save her financial situation?

  Raise taxes to boost income
• What were the positives of raising taxes?

  The Queen could ask for additional funds
• What were the negatives of raising taxes?

  Additional taxes would upset the populace
• What was suggested as a good idea to improve finances?

  New coinage to stabilize currency
• What was a negative aspect of introducing new coinage?

  New coinage would be traded alongside old
• What actions did Elizabeth take to manage finances?

  Held income and cut expenses
• How much did Elizabeth raise by selling crown lands?

  £120,000
• how much debt was england in when elizabeth took over

  300,00
• how much did the crown earn annualy upon Elizabeth's ascension

  286,667
• why was england in debt

  Mary tudor had sold land to pay for war with france
• how could monarchs raise money

  -rent and income from land

  -taxes

  -profit of fines
• what was the negative issue with raising taxes to boost her money

  it would be popular amongst the general public
• what was the positive issue with raising taxes to boost her money

  the queen could ask for special additional tax