The Tudor period occurred between 1485 and 1603 in England and Wales and includes the Elizabethan period during the reign of Elizabeth I until 1603. The Tudor period coincides with the dynasty of the House of Tudor in England whose first monarch was Henry VII (b.1457, r.1485–1509). Historian John Guy (1988) argued that "England was economically healthier, more expansive, and more optimistic under the Tudors" than at any time in a hundred years.[1]