dec 1, 1544 - The Great Debasement
Description:
Parliament was called on this day and, until 1551, the coins would be debased. This had very large impacts on economy and had to be reversed by Edward VI.The debasement only began in 1542 secretly and in 1544 officially.
Added to timeline:
Date:
dec 1, 1544
Now
~ 480 years ago