Charles Personal Rule 1629-40 Finance

Question 1

What was Charles’ debt by 1629?

Answer 1

£2 million

Question 2

What did he do with customs duties?

Answer 2

1. Continued collecting them, which was illegal
2. Imposed a new Book of rates in 1635
3. Income went up to £425,000 in 1639

Question 3

What did he do with monopolies?

Answer 3

1. Charles exploited a loophole in the law and sold monopolies to corporations
2. ‘Popish Soap’ scandal
3. Led to high prices for poor quality goods

Question 4

What did he do with recusancy fines?

Answer 4

1. Quadrupled the revenue to £26,866

2. Alienated Catholics

Question 5

What did he do with the war against France and Spain?

Answer 5

1. Made peace with France in 1629
2. Made peace with Spain in 1630
3. Seen as deserting the Protestant cause

Question 6

What did he do with feudal dues?

Answer 6

1. All men with land worth over £40 were forced to buy knighthoods
2. brought in £170,000 by 1635

Question 7

What did he do with Wardships?

Answer 7

1. Exploited the estates of children to make more money

2. Increased the income to £75,000

Question 8

What did he do with Ship Money?

Answer 8

1. Extended it to the whole country in 1635

2. Brought in £107,000 a year betwixt 1635-40

Question 9

When did Charles balance his books and what did this mean?

Answer 9

1637

Meant he never needed to call a Parliament ever again if there were no problems