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2B The Wars of the Roses, 1450–1499

Edward IV's Second Reign and Royal Finance

  • 4 things to know
  • Component 2

Overview

Recall questions on how rarely Edward called Parliament after 1471, Chamber finance, the recovery of crown lands, the French pension from Picquigny, benevolences and the regional councils of the North and the Marches.

What you need to know

Answer each one before you reveal it.

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Key term

Why did Edward IV bypass the Exchequer in favour of Chamber finance?

Key term

How did increased crown lands revenue reduce Edward IV's dependence on parliamentary grants?

Key term

Who headed the Council of the North under Edward IV?

Key term

What were benevolences as used by Edward IV?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    How many times did Edward IV summon Parliament during his second reign (1471–1483)?

    Model answer

    Three times (1472–75, 1478 and 1483); in his second reign he relied mainly on his own revenues rather than parliamentary grants.

  2. 2

    After which year did Edward IV avoid requesting taxation from Parliament?

    Model answer

    After 1475

  3. 3

    How did Edward IV's reduced reliance on Parliament contribute to his financial independence?

    Model answer

    By calling Parliament infrequently and avoiding taxation requests, Edward avoided the political costs and conditions attached to parliamentary grants, allowing him to govern with greater autonomy funded by his own revenues

  4. 4

    Which financial institution did Edward IV expand to handle royal revenues more directly?

    Model answer

    The Chamber

  5. 5

    Why did Edward IV bypass the Exchequer in favour of Chamber finance?

    Model answer

    The Exchequer system was slower and more cumbersome, whereas the Chamber allowed for more direct and efficient royal oversight of revenues

  6. 6

    What advantage did direct royal oversight of revenues through the Chamber provide Edward IV?

    Model answer

    It gave the king personal control over his finances, enabling faster access to funds and reducing bureaucratic delays

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