Originally Posted by An Ard Ri
Wasn't England almost bankrupt by the time of death thanks to the constant Irish Wars during the Tudor conquest of Ireland?
From time to time the royal treasury was indeed pretty empty, a common problem for English monarchs before and after QEI.
However England itself continued to experience an economic growth, not least due to English ships venturing out into the oceans in earnest.
Especially in the late 1600's and early 1700's where England really established itself as an economic power in especially the Caribbian - after coming out on top after the Dutch-English wars of naval dominance.
But it was under QEI this really started.