Save
AQA A-Level Tudor History
Edward's Economic changes
Save
Share
Learn
Content
Leaderboard
Learn
Created by
Ellie W
Visit profile
Cards (13)
What economic factors brought about revolution under Somerset?
Inflation
,
Agrarian
issues (enclosure and harvest failure), and
Taxation
Why was inflation so bad?
Due to
Henry VIII
who
reduced real wages
What was Somerset's approach to economic issues?
He followed
Henry VIII
and continued to
debase
the coinage to finance the war against
Scotland
, which heightened
inflation
and social distress
When was inflation increased even more and why?
in
1548
due to a
bad harvest
How did Somerset try to address the agrarian issues?
He set up a
commission
to
investigate
enclosure
like
Wolsey
What was the impact of these Enclosure commissions?
The poor's expectations were
raised
and landowners were annoyed but the rate of enclosure seemed to have
slowed
How did Somerset make the issue of taxation worse?
He continued the
war with Scotland
which was financed through
taxation
,
land sales
and
borrowing
, which made the Crown's finance
worse.
Why was enclosure increasing?
People wanted to convert land from
arable to pasture
to graze
sheep
because people thought it was more
profittable
Why did Somerset introduce the sheep tax?
To
deter enclosure
Why did Somerset's sheep tax fail?
It
increased financial pressure
on small farmers who relied on
sheep
for subsistence
How did Northumberland bring about financial stability?
He ended the wars with
France
and
Scotland
, and secured the payment of
£133,333
for the return of
Boulogne
What were the limitations of Northumberland's financial policies?
He
debased
the coinage for the last time and continued to
strip
the Church of its
wealth
e.g. melting down church plate for bullion
What did Mary benefit from Northumberland's financial policies?
The streamlining of
royal
financial
administration, which was influenced by Walter
Mildmay