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Yes.

Henry was bankrupt. He spent a lot of money on palaces and books and wars. He spent loads of money because he wanted to be very powerful. Henry also needed to spend money on his three children. They all needed an education.

but he did get money when he opened up his own church - "the Church of England"

however, when henry opened up the church of England he raided all the monasteries and took their riches for himself. Again he spent all of it too quickly and a lot was taken out on the same needs as before

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12y ago

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More answers

He spent it all on war, palaces and more land

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Wiki User

16y ago
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Henry bankrupted the treasury by ill-advised military forays against France. To replenish the funds, he broke with Rome and confiscated its property.

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Wiki User

11y ago
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yes

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Anonymous

4y ago
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Q: Did Henry VIII have financial problems?
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