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What is an economic problem that queen elizabeth..?

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can someone please tell me one or some economical problems queen elizabeth 1 of england encountered during her reign?

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3 ANSWERS


  1. Obviously, none!


  2. Elizabeth Tudor is considered by many to be the greatest monarch in English history. When she became queen in 1558, she was twenty-five years old, a survivor of scandal and danger, and considered illegitimate by most Europeans. She inherited a bankrupt nation, torn by religious discord, a weakened pawn between the great powers of France and Spain.  

    The period after the defeat of the Armada in 1588 brought new difficulties for Elizabeth that lasted until the end of her reign. The conflicts with Spain and in Ireland dragged on, the tax burden grew heavier, and the economy was hit by poor harvests and the cost of war. Prices rose and the standard of living fell.

    The continued population growth placed strains on the economy, which was made worse by serious harvest failures in every decade of Elizabeth’s reign. Prices for food and clothing skyrocketed in what became known as the Great Inflation. The 1590s were the worst years of the century, marked by starvation, epidemic disease, and roving bands of vagrants looking for work.

    Elizabeth’s government enacted legislation known as the Poor Laws, which made every local parish responsible for its own poor, created workhouses, and severely punished homeless beggars. Parliament also passed bills to ensure fair prices in times of shortage and to regulate wages in times of unemployment. One of the queen’s most important economic decisions was to issue a new currency that contained a standard amount of precious metal. This raised confidence in the currency and also allowed businesses to enter into long-term financial contracts.

  3. Money, Mary Queen of Scots, Lord Darney, Raileigh

    Phillip of spain to name a few.

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