Upvote:0
The original definition of "noble" was someone who owned a large amount of land. At minimum, it referred to someone who could afford to buy and deploy a horse for use in combat. These were the people whom the king granted "fiefdoms" to under the feudal system that made them nobles.
There was an important feature of nobility that held true in England, and later France, but not in most parts of central and Eastern Europe. That is, only the eldest son could inherit a noble title from his father. (In France, all sons could.) This English rule, together with the general fact that sons inherited a noble rank one lower than their fathers (the son of a duke was a marquis, the son of a count was a viscount, etc.), meant that English nobles would die out after several generations unless the pool was replenished.
So the king's decree meant that anyone who had x pounds or more, and could afford a horse (and armor and a weapon), to buy such, and in return receive a grant of knighthood, and thus nobility. This restored "nobility" to its original purpose, and served the interests of the king, who wanted to create as many mounted warriors (and hence nobles) as could support themselves. Of course, this displeased most existing nobles, whose nobility had been procured by an ancestor, and who wanted to prevent others from doing the same in the present.
It would be as if members of the top 1% were asked to demonstrate their membership by buying and making available a tank for the use of the government.
Upvote:1
Knights were not peers. Indeed, even though baronetcies were inheritable, baronets were not peers either. When a knight was sent to Parliament, it was to sit in the House of Commons, not the House of Lords.
Also, it was the prerogative of a king to ennoble people. There was a status accorded to having been of long noble descent, but a man ennobled by the king was certainly a noble.