Economy

• Economy under Somerset

  Traditionally seen as wanting to help people
• 3 issueswith the economy

  • Inflation
  • Agrarian - enclosure and harvest
  • Taxation
• Inflation

  Debace collins - £537,000<|>1548 bad harvest - somerset policies made no affect<|>Wages failed to kepp up<|>Rising population
• Agrarian

  Issues with farming<|>Enclosure<|>More sheep as it is profitable<|>Sheep tax- 1549<|>John Hales (Mp)- Enclosure 'making the rich richer and the poor porter<|>1548- enclosure commission<|>Raised hopes of the poor
• Taxation

  More sheep means more tax<|>Only rich people would have sheep<|>Tax for scottish foreign policy
• Legislation against poverty

  1. 1547 Vagrancy act

  2. Vagrants viewed as causing rebellions

  3. Any able bodied men out of work for 3 days were sold into slavery for 2 years

  4. Branded with a V

  5. Repeate offender- execution

  6. Unpopular, refused to enforce, out of touch with people
• Government appease the situation


  But more concerned about rebellion
• Economic change


  Brough back a level of stability<|>Continued to debase coin but abandoned it<|>Claiming money from church<|>Comission produced which gave a detailed analysis of the shortcomings<|>He did little to resolve but he ckcked inflation and eased some of worst social tensions