The war with France impacted the royal treasury. England had £300,000 of debt. The harvest in 1555 was very poor, leading to poverty and disease
Mary was a devout Catholic. She persecuted England's Protestants. She burned 300 people to death for their religious beliefs
Mary's failures as a monarch had convinced many people in England that queens should not rule alone
Elizabeth was well educated - she spoke Latin, Greek, French and Italian. This meant she could speak to ambassadors and leaders all across Europe.
Elizabeth was confident and charismatic - this enabled her to win over her subjects and command support in Parliament. She gained the people's trust.
England in 1558 was poor
Mary I and Philip II of Spain began a war with France over certain regions of France and Italy
Mary sold Crown land to pay for the war
The war did not achieve its aims. It had wider consequences for England's claim on Calais
By 1558, England had £300,000 of debt
In comparison, England's annual income was roughly £287,000
Since, the 1540's the crown had debased the coinage, by reducing silver and gold content, to make more money to fight wars against France. This resulted in inflation, as the value of the currency fell.
The queen could convene parliament and ask for subsidies. Thus, raising taxes.
However, a disadvantage to raising taxes is that it would be unpopular with ordinary people, increasing the risk of unrest.
Monarchs could raise money through customs duties. This was a tax on goods coming into the country.
Monarchs could raise money through crown lands. They would sell them to the highest bidder.
Elizabeth also raised money from private loans. These were called 'benevolences'. Wealthy individuals lent money to the government at interest rates of up to 10%.
Crown lands were land owned by the monarchy. The Crown Lands Act (1569) allowed Elizabeth to sell off some of her estates to pay off debts. She sold over half of all royal lands between 1558-1588.
By 1574, the queen could claim that the Crown was out of debt for the first time since 1558.
Elizabeth did not raise taxes but instead hoarded her income and cut her household expenses by half.
England's relationship with other European powers worsened the challenges to Elizabeth I's succession
England had owned all or part of France since the reign of William I in 1066, but permanently lost their claim to France through the taking of Calais in 1558
Both Spain and France had personal grievances with Elizabeth, such as her rejection of Philip II's marriage proposal and Mary, Queen of Scots' belief that Elizabeth was illegitimate
If Spain and France allied, France could use their alliance with Scotland to invade England from the north, while Spain could use their fleet to invade from the south