JAMES 1 AND CHARLES FINANCE Flashcards
finance, foreign policy and all that jazz
what was james 1 attitude to kingship, with evidence
pragmatic, defender of prerogative rights,,, Wrote Basilikon Doron in 1599
what was the 1610 Great Contract
Annual parliamentary grant of £200,000 in return for some crown prerogative rights
1610
Failed and ended with parliament being prorogued
Robert Cecil financial advisor
James’ expenditure with evidence
his crown spending was 2x that of Elizabeth
1606 granted subsidies which he used to give his friends £44,000
financial scheme example under James 1
Cockayne project to reorganize the English cloth trade, failed drastically and lead to a slump
what was royal debt by 1620
£900,000
how many monopolies were there by 1621 and what was the problem with them
100, used for faction dispute to try and impeach Francis Bacon for abuse of them
what places limits on the crowns power in the 1624 parliament
Subsidy Act- £300,000 subsidy for warfare but tis could only be used under supervision of parliamentary officials
Statute of Monopolies- limited crowns right to grant monopolies to individuals
what war did charles want to get involved in and how much money did he want for it
£1 million
How much did the commons grant for the thirty years war subsidies and what did that show
distrust, gave him £140,000
Crown debt by 1629
£2 million AND has alienated POL NAT
what was the 1608 Book of Bounty
surveyed crown lands and revising leasing policy
what was the 1608 Book of Rates
impositions on 1400 items (tax that was a prerogative right to issue)
what was the selling of titles and when?
baronet title introduced 1611 for £1095, made 200 baronets and made £90,885 by 1614
what was the forced loan of 1626
demanding of money, but only 70% of the amount expected was collected
