What hindered Oxford's financial status?
Gambling debts
War costs
Extravagance
Business failures
Answer
The extravagant lifestyle of Oxford's early decades was its financial undoing. Lavish spending on buildings, feasts, and other luxuries far exceeded its income from rents and donations. This financial mismanagement left the university in debt and forced it to take drastic measures, such as selling off properties and imposing austerity measures.
The Bard's Cryptic Courtier: Testing Your Knowledge of Edward de Vere, 17th Earl of Oxford
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