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    History A-Level

    State finance

    What State finance means in History A-Level, as defined for AQA.

    Definition of State finance

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    Reference: AQA

    Despite the influx of New World silver, the Crown was effectively bankrupt, burdened by immense debts to foreign bankers and suffering from rampant inflation.
    AQA · 1B Spain in the Age of Discovery, 1469–1598 (A-level only) – The drive to 'Great Power' status, 1516–1556 (study guide)

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