Henry Bolingbroke, Duke of Lancaster, aided by the Earl of Northumberland and his son Harry Percy deposed the rightful King, Richard II, and Bolingbroke ascend the throne as King Henry IV. Richard was imprisoned and later murdered in Pomfret Castle. Henry, in remorse, vows a pilgrimage to the Holy Land. Northumberland and Hotspur become dissatisfied with the King's lack of favour. Henry is worried about the behaviour of his son, the Prince of Wales.

The Percy family, Henry Bolingbroke's chief allies in deposing and murdering Richard II, have been cheated of their just rewards and now plot to overthrow the King. Worcester, the architect of their rebellion, arranges a meeting in Wales to decide how Great Britain will be divided among them. The King's army, part of it commanded by Prince Hal, marches westward to encounter the rebels. Even Sir John Falstaff receives a commission and marches off to join the battle at Shrewsbury.

The rebellion promoted by the Percy family against their former ally King Henry IV has been heavily crushed at Shrewsbury. The rebels were weakened by the defection of the armies promised them by Northumberland and Owen Glendower, and greatly outnumbered by the King's forces. Their leader, the gallant Hotspur, has been killed in single combat with Prince Hal. Conflicting rumours reach Warkworth in Northumberland, where the Earl is eagerly waiting for news of the battle and of his son.

The final defeat of the northern rebels marked the conclusion of the eight troubled years of Henry IV's reign. With the accession of Henry V, a new age has begun. Falstaff and his riotous companions have been banished from Court. The first public act of the young King has been to summon Parliament and consider ways of distracting his subjects from civil strife. Being advised of his right by succession, Henry now resolves to lay claim to the French throne.