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The financial reform and idea in the mid-Tudor financial crisis
General history of Europe
In the mid-Sixteenth century, the financial condition of Tudor State was in crisis because of huge amounts of the expenses for the Scottosh and French War. In 1552, the government established the financial commission to reform the financial system. The purpose of this articleis to clear up the idea of the reform in this period.
In my article, I will examine the report which the commission drew up to recommend the financial reform, and the Declaration of Issues, one of the formal accounts which were recorded in the Exchequer. The conclusion is as follows;
The Idea of the financial reform was not the innovation, but the renovation which meant to revive the traditional principal, 'the king should live of his own'. In other words, the government attempted to prolong 'the Domain State'. But this reform was not the complete solution. The transformation from 'theDomain State' to 'the Tax State' was an inevitable condition at least, if England aims to be a sovereign statein Europe. It wasin the CivilWar orlater untilthe transformation was attemptedin England.
The Hiroshima University studies, Graduate School of Letters, Special Issues
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Departmental Bulletin Paper
Departmental Bulletin Papers
Graduate School of Letters