Financial policies during the Personal Rule Flashcards by Billy Emerick | Brainscape

Q

How much debt had Charles accumulated?

A

£2 million

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Q

How did Charles start spending less?

A

Made peace with France and Spain
Didn’t pay full interest on loans
Didn’t give out presents like James

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Q

How did Charles raise more money?

A

Customs duties - Book of Rates
Old laws - Forest Laws/Distraint of knighthood
Crown lands
Monopolies
Ship money

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Q

When was the Book of Rates introduced?

A

1635

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Q

Why was Ship money now more effective?

A

Extended to the whole country

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Q

When was Ship money collected regularly?

A

1635-38

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Q

How successful were the policies?

A

1636 - debt reduced by 1/2

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Q

What meant that Charles was still spending lots?

A

Art collection and growing family

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Q

Why were the policies unpopular?

A

Illegal - Tonnage and Poundage
Reviving old laws was unfair
Monopolies = increased prices
Ship money unjustified

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