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In 1598, Elizabeth's chief advisor, Lord Burghley, died. His political mantle was inherited by his son, Robert Cecil, who had previously become Secretary of State in 1590. Elizabeth became somewhat unpopular because of her practice of granting royal monopolies. Parliament continued to demand the abolition of monopolies. In her famous "Golden Speech," Elizabeth promised reforms. Shortly thereafter, twelve royal monopolies were ended by royal proclamation; further sanctions could be sought in the courts of common law. These reforms, however, were only superficial; the practice of deriving funds from the grants of monopolies continued.
At the same time as England was fighting Spain, it also faced rebellion in Ireland. Hugh O'Neill, 2nd Earl of Tyrone had proclaimed himself King, and was declared a traitor in 1595. Seeking to avoid further war, Elizabeth made a truce with Lord Tyrone, who promptly sought Spanish aid in his rebellion. Spain attempted to send two further Armadas, but both expeditions were foiled. In 1598, Lord Tyrone offered a truce; upon its expiry, the English faced their worst defeat in the Irish rebellion at the Battle of the Yellow Ford .
One of the leading members of the navy, Robert Devereux, 2nd Earl of Essex, was appointed Lord Lieutenant of Ireland and put in charge of the attempt to crush the Irish rebellion in 1599. He failed utterly, and returned to England without the Queen's permission in 1600, and was punished by the loss of all political offices. In 1601, Lord Essex led a revolt against the Queen, but was executed. Charles Blount, 8th Baron Mountjoy was sent to Ireland to replace Lord Essex. Lord Mountjoy attempted to blockade Lord Tyrone's troops and starve them into submission. The Spanish, meanwhile, sent over 3,000 troops to aid the Irish. The Spanish felt that they were justified in intervening, since Elizabeth had previously aided the Dutch rebellion against Spain. Lord Mountjoy defeated both the Spanish and the Irish troops; Lord Tyrone surrendered a few days after Elizabeth's death.
Elizabeth I fell ill in February 1603, suffering from frailty and insomnia. She died on 24 March at Richmond Palace . At the age of sixty-nine, she was the oldest English Sovereign ever to reign; the mark was not surpassed until George II died in his seventy-seventh year in 1760. Elizabeth was buried in Westminster Abbey, immediately next to her sister Mary I. The Latin inscription on their tomb translates to "Partners both in Throne and grave, here rest we two sisters, Elizabeth and Mary, in the hope of one resurrection."
The will of Henry VIII declared that Elizabeth was to be succeeded by the descendants of his younger sister, Mary Tudor, Duchess of Suffolk, rather than by the Scottish descendants of his elder sister, Margaret Tudor. If the will were upheld, then Elizabeth would have been succeeded by the Lady Anne Stanley . If, however, the rules of male primogeniture were upheld, the successor would be James VI, King of Scots. Still other claimants were possible. They included Edward Seymour, Baron Beauchamp (the illegitimate son of the Lady Catherine Grey) and William Stanley, 6th Earl of Derby (the Lady Anne Stanley's uncle).
It is sometimes claimed that Elizabeth named James her heir on her deathbed. According to one story, when asked whom she would name her heir, she replied, "Who could that be but my cousin Scotland?" According to another, she said, "Who but a King could succeed a Queen?" Finally, a third legend suggests that she remained silent until her death. There is no evidence to prove any of these tales. In any event, none of the alternative heirs pressed their claims to the Throne. James VI, the only viable successor, was proclaimed King of England as James I a few hours after Elizabeth's death. James I's proclamation broke precedent because it was issued not by the new Sovereign him or herself, but by a Council of Accession, as James was in Scotland at the time. Accession Councils, rather than new Sovereigns, continue to issue proclamations in modern practice.
Elizabeth proved to be one of the most popular monarchs in English or British history. She placed seventh in the 100 Greatest Britons poll, which was conducted by the British Broadcasting Corporation in 2002, outranking all other British monarchs.
Historians, however, have taken a far more dispassionate view of Elizabeth's reign. Though England achieved military victories, Elizabeth was far less pivotal than other monarchs such as Henry V. Elizabeth has also been criticised for supporting the English slave trade. Her problems in Ireland also serve to blemish her record.
Elizabeth was a successful monarch, helping steady the nation even after inheriting an enormous national debt from her sister Mary. Under her, England managed to avoid a crippling Spanish invasion. Elizabeth was also able to prevent the outbreak of a religious or civil war on English soil. Her achievements, however, were greatly magnified after her death. She was depicted in later years as a great defender of Protestantism in Europe. In reality, however, she often wavered before coming to the aid of her Protestant allies. As Sir Walter said in relation to her foreign policy, "Her Majesty did all by halves."
Many artists glorified Elizabeth I and masked her age in their portraits. Elizabeth was often painted in rich and stylised gowns. Elizabeth is often shown holding a sieve, a symbol of virginity.