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In page Henry VII of England:

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Henry restored power and stability to the English monarchy following the civil war. He is credited with many administrative, economic and diplomatic initiatives. His supportive policy toward England's wool industry and his standoff with the Low Countries had long-lasting benefits to the English economy. He paid very close attention to detail, and instead of spending lavishly, he concentrated on raising new revenues. He stabilised the government's finances by introducing several new taxes. After his death, a commission found widespread abuses in the tax collection process[citation needed]. Henry reigned for nearly 24 years and was peacefully succeeded by his son, Henry VIII.