Who is King Henry VII?

16th Century Period, King Henry VII

From the time he seized the throne on 22 August 1485, until his death, Henry VII reigned as both king of England and Lord of Ireland. He was the first monarch of the House of Tudor. Henry attained the throne when his forces defeated King Richard III at the Battle of Bosworth Field, the culmination of the wars of the Roses. He was the last king of England to win his throne on the field of battle. He cemented his claim by marrying Elizabeth of York, daughter of Richard's brother Edward IV.Henry was successful in restoring the power and stability of the English monarchy after the civil war.

Henry is credited with a number of administrative, economic, and diplomatic initiatives. His supportive policy toward England's wool industry and his standoff with the Law Countries had long-lasting benefits to the whole English economy. He paid very close attention to detail and instead of spending lavishly, he concentrated on raising new revenues. New taxes stabilized the government's finances, although a commission after his death found widespread abuses in the tax collection process.