This leads to conflicts over land and property. The settlement also led to the loss of political power and autonomy for the native Irish locals, who became subordinate to the English Crown. The new Irish settlement lead to the displacement of many Irish people, which caused resentment among the local population. The cost of establishing settlements in Ireland and the exploration of the new world also drained resources and money from the treasury, leaving England in need of new creative solutions to financial problems. Queen Elizabeth took a very pragmatic approach to finances and helped execute a number of reforms that helped to stabilize the economy. She oversaw the creation of a centralized treasury, the Exchequer, which ensured that the country's finances were more carefully controlled. She also established the royal prerogative to impose taxes on her subjects, which allowed her to increase revenue while also ensuring that taxes were fairly and equitably imposed. She also created a coinage monopoly, which gave her control over the money supply and helped to prevent
This leads to conflicts over land and property. The settlement also led to the loss of political power and autonomy for the native Irish locals, who became subordinate to the English Crown. The new Irish settlement lead to the displacement of many Irish people, which caused resentment among the local population. The cost of establishing settlements in Ireland and the exploration of the new world also drained resources and money from the treasury, leaving England in need of new creative solutions to financial problems. Queen Elizabeth took a very pragmatic approach to finances and helped execute a number of reforms that helped to stabilize the economy. She oversaw the creation of a centralized treasury, the Exchequer, which ensured that the country's finances were more carefully controlled. She also established the royal prerogative to impose taxes on her subjects, which allowed her to increase revenue while also ensuring that taxes were fairly and equitably imposed. She also created a coinage monopoly, which gave her control over the money supply and helped to prevent