Chapter 3

Question 1

Two Underlying problems with finance

Answer 1

Crown’s expenditure was rising due to inflation from 1502-1622 (mostly food).
Crown’s income was falling due to lack of reform from Elizabeth.

Question 2

Two consequences of financial weakness

Answer 2

Hard to govern effectively/weak foreign policy

Wartime meant Crown had to find new ways of getting money - Crown intent on setting its own tax.

Question 3

Treaty of London (->Thirty Years War)

Answer 3

1604 - made peace with Spain cutting expenditure.

Question 4

Reasons for/examples of lavish spending under James I

Answer 4

He was set on spending a lot of money as he viewed England as a land of plenty and Scotland was limited.
Ante-supper = prepare two feasts but bin one eg 3.3k on one
Generous with courtiers/friends = P gave 3 subsides in 1606 but gave 44k to his Scottish friends causing tension.

Question 5

Cockayne Project 1614
1670 = 726k
1620 = 900k

Answer 5

Plan to reorganise the cloth trade and build more in London.
Failed as a monopoly was granted to William Cockayne who failed his scheme.
Dutch stopped buying English cloth.