chapter 3 financial weakness Flashcards
what prevented monarchs from becoming absolutists?
limited finance
finance had not been reformed since…
elizabethan era
rising food prices caused….
inflation
crown income declining due to …
lack of reform
parliament agreed to grant £200,000 annually in return for …
James giving up some prerogative powers
1604 crown expenditure reduced because…
treaty of london ended war with spain - foriegn policy not as expensive now
james did what in 1606?
gave £44,000 away to courtiers - made parliament reluctant to grant more susbsidies
what was the ante-supper?
a extravagent feast to show wealth - could cost up to £3300
what was the cockayne project?
tried to improve cloth industry and granted monopoly to cockayne over all cloth but failed
what was royal debt at in 1620?
£900,000
why did james request more money?
in case he joined the 30 years war
what was the subsidy act 1624?
granted james £300,000 for warfare (only to be used for specific areas of foreign policy) and had to be supervised by parliamentary officials
what was the statute of monopolies 1624?
limited crown rights to grant monopolies to individuals
how much was charles granted for joining the 30years war ?
needed £1m but only granted £140,000
what was the impact of allowing charles to collect tonnage and poundage for 1 year only?
saw it as an attack on his prerogative and thought parliament was too influenced by radicals e.g. coke
