2.3.3 Financial Policies

• What was Richard I's primary source of revenue?

  Land Tax (Gelds)
• Tallage was a direct tax imposed on towns and boroughs
• Scutage allowed tenants-in-chief to pay a fee instead of providing military service.
• How did Richard I generate revenue from the Church?

  Taxation and fines
• Match the revenue source with its description:

  Land Tax (Gelds) ↔️ Levied on property owners

  Tallage ↔️ Direct tax on towns

  Scutage ↔️ Payment in lieu of military service

  Church Revenue ↔️ Taxation and fines from the Church
• Richard I imposed a Crusader Tax as a percentage of personal wealth
• Steps in the implementation of scutage:

  1️⃣ Tenants-in-chief choose to pay a fee

  2️⃣ Fee is calculated based on knights owed

  3️⃣ Tenant pays the fee instead of military service
• Tallage was calculated based on town wealth.
• What formula is used to calculate tallage?

  $Tallage =$$Tax Rate \times Town Wealth$
• Scutage allowed tenants-in-chief to pay a fee instead of providing military service
• What was the purpose of the Crusader Tax under Richard I?

  Fund the crusades
• Tallage could hinder urban growth due to its impact on town wealth.
• What was one social impact of the Crusader Tax?

  Reduced available capital
• What was the Land Tax (Gelds) levied on?

  Property owners
• The Land Tax burdened property owners, potentially leading to economic strain
• What was the Tallage tax imposed on?

  Towns and boroughs
• The Tallage tax hindered urban growth, affecting townspeople.
• What was Scutage paid instead of?

  Military service
• Scutage affected tenants-in-chief, potentially influencing their economic stability
• Church Revenue was generated from taxation and fines imposed on the church.
• What social impact did Church Revenue have?

  Strained church-state relations
• The Crusader Tax reduced available capital for individuals, affecting economic activity
• What could Fines and Judgments from court cases cause?

  Uncertainty
• A property owner with a £1,000 property might pay £100 in Land Tax if the rate is 10%.
• Scutage was a payment made instead of military service
• What was the purpose of the Crusader Tax under Richard I?

  Fund crusades
• Richard I's financial policies led to increased tax burden and economic strain on various groups.
• Match each revenue source with its description:

  Land Tax ↔️ Tax on property owners

  Tallage ↔️ Tax on towns and boroughs

  Scutage ↔️ Payment instead of military service

  Church Revenue ↔️ Taxation and fines from the church

  Crusader Tax ↔️ Tax to fund crusades

  Fines and Judgments ↔️ Revenue from court cases
• Tallage hindered urban growth by affecting townspeople
• Church Revenue under Richard I strained relations between the church and the state.
• How might a property owner with a £1,000 property be affected by the Land Tax if it is 10%?

  Reduce disposable income
• Scutage influenced the economic stability of tenants-in-chief
• What was the Crusader Tax intended to fund under Richard I?

  Crusades
• Fines and Judgments as a revenue source could be inconsistent, causing uncertainty for those involved in court cases.
• The formula for Tallage is Tax Rate \times Town Wealth
• What social impact did the Crusader Tax have on individuals under Richard I?

  Reduced available capital
• Scutage was a mandatory payment for all tenants-in-chief under Richard I.
• The Land Tax is calculated using the formula Rate \times Property Value
• How did Church Revenue affect churchgoers under Richard I?

  Strained relations
• Order the social impacts of Richard I's revenue sources from most to least impactful (based on the study material):

  1️⃣ Land Tax burden on property owners

  2️⃣ Tallage affecting urban growth

  3️⃣ Scutage influencing tenant stability

  4️⃣ Church Revenue straining relations

  5️⃣ Crusader Tax reducing capital

  6️⃣ Fines and Judgments causing uncertainty