New Book of Rates (74 words)

Historical Context Note


Mary I's government attempted to reform the financial system by increasing the customs duties that were collected for the government. To codify these changes, she introduced a new Book of Rates in the final year of her reign. However, her early death in November 1558 (probably from some combination of influenza with undiagnosed uterine cancer) meant that the benefit from these reforms was felt not by her government, but that of her successor Elizabeth I.

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