Challenges at home: financial weaknesses (Edexcel GCSE History): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
How much debt did Elizabeth I inherit when she became queen in 1558?
How much debt did Elizabeth I inherit when she became queen in 1558?
£300,000
What was the Crown's annual income in 1558?
What was the Crown's annual income in 1558?
£286,667
How much debt was owed to foreign moneylenders at the Antwerp Exchange?
How much debt was owed to foreign moneylenders at the Antwerp Exchange?
Over £100,000
What interest rate were the Antwerp Exchange moneylenders charging?
What interest rate were the Antwerp Exchange moneylenders charging?
14%
What caused inflation in Tudor England?
What caused inflation in Tudor England?
Reducing gold & silver in coins
Who was Thomas Gresham?
Who was Thomas Gresham?
The Crown's financial adviser
What were customs duties?
What were customs duties?
Taxes from trade on imports & exports
What were subsidies?
What were subsidies?
Special taxes approved by Parliament
By how much did Elizabeth cut royal household expenses?
By how much did Elizabeth cut royal household expenses?
By half
How much money did Elizabeth raise through selling Crown lands?
How much money did Elizabeth raise through selling Crown lands?
£120,000
In what year was the Crown completely debt-free?
In what year was the Crown completely debt-free?
1574
Who benefited from Elizabeth's financial policies?
Who benefited from Elizabeth's financial policies?
Wealthy landowners & nobles