Economic Change and Social Impact

• What was Mary's economy like?

  Mixed report
• What were the negatives of Mary's economy?

  Inflation due to debasement of the coinage

  Harvest failures

  Influenza = huge death toll which impacted workers
• What was revenue administration? How did it work out?

  Northumberland had aimed to improve on the administration of the crown by setting up a commission to investigate the shortcomings of the system and to recommend reforms.

  Edwards death prevented any of these recommendations being put in place during his reign
• What positive changes did occur during Mary's reign?

  The court of Exchequer took over both the Court of First fruits and Tenths and the Court of Augmentations. In this process they did adopt some of the more recent courts’ superior methods.

  Financial administration was competent under Lord Treasurer Winchester.
• Mary was able to successful prepare recoinage which was put in in Elizabeth's reign, how?

  Thoroughness
• What was Mary's 1 main mistake?

  Remitting the final part of Edward's last subsidiary
• What did Mary do to increase poor relief?

  Became more active, enforced laws against grain hoarders and encouraged converting land to tillage