Economic and Social Conditions (OCR A-Level History A): Flashcards

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Economic and Social Conditions
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Kingdom's financial state when Edward VI inherited throne

Bankrupt

Social problems during Edward VI's reign

Population increase, vagrancy, harvest failures, food prices

Year Somerset introduced Vagrancy Act

1547

Vagrancy Act punishment for 3 days out of work

Branded with V, sold into slavery for 2 years

Year Somerset fell from power

1549

Northumberland's solution to bankruptcy

Debased the coinage

Who Northumberland appointed to fix economy

William Cecil and Sir Thomas Gresham

Emergency fund Northumberland introduced

Privy coffer

Northumberland's action on 1547 Vagrancy Act

Withdrew it

Economic results under Northumberland

Trade improved, prices fell, economy recovered

Regency Council definition

Group exercising Crown authority until monarch comes of age

Lord Protector of the Realm definition

Individual to assist monarch & oversee Regency Council

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