Elizabethan government gross income was under half a million pounds annually

Evidence

Despite the legacy of her extravagant forbears she had paid her debts, revalued the debased coinage and created a reserve fund, but with a gross income of less than half a million pounds a year her government was already in trouble again. — John Sugden, Sir Francis Drake, 851

Categorization

• corroborated: 2 independent passages support this claim — John Sugden, Sir Francis Drake, 851
• XREF: connects to: Elizabethan naval expeditions relied primarily on private financing rather than the Crown — John Sugden, Sir Francis Drake, 880

Broader Connections

• Elizabethan naval expeditions relied primarily on private financing rather than the Crown #corroborates (0.75) — John Sugden, Sir Francis Drake, 880