Lending money in Elizabethan England was a major issue for Henry VIII, Edward VI, and Elizabeth I for countless of reasons. One reason that lending money in Elizabethan England was a major issue for Henry VIII, Edward VI, and Elizabeth I was as a result of Henry VIII, who depreciation coins, which resulted in a inadequate credit rating among European money lenders. In fact, Thomas Gresham, a patronizing advisor of Henry VIII, Edward VI and Elizabeth I, advised Elizabeth I that the outdated legislation obstructed the financial system, in research conducted by the author of the website “Elizabeth I and Finances”, it’s clear that Elizabethan England was having finance problems as a result of money lending. An incident involving Elizabeth I reforming
