Financial difficulties - reasons for (James I)
- Created by: xchipscurrysaucex
- Created on: 22-04-14 14:14
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- Financial difficulties - reasons for (James I)
- Inheritance from Elizabeth
- Debt of aprox. £100,000
- War with Spain - financially draining
- Increased inflation rates
- Less crown lands (Elizabeth sold)
- James' irresponsibility
- Overestimated wealth of England ("land of milk and honey")
- Huge living expense - extravagent living and big family
- Distributed capital sums and pensions to favourites regularly (many of whom were Scottish - causing outrage from English subjects due to prejudice)
- Parliament's uncooperative attitudes
- Robert Cecil's Great Contract proposal 1610 - Crown would surrender certain prerogatives such as wardship, purveyance and minor revenues and in return Parliament would establish permanent taxation and grant £200,000 in subsidies
- Parliament first demanded more reduction in royal income and then refused altogether
- High income through Impositions (£70,000) which had unlimited levy reason for this. James offered to put a cap on the levy, or halt Impositions altogether but parliament refuses - seeing it as illegal behaviour
- Robert Cecil's Great Contract proposal 1610 - Crown would surrender certain prerogatives such as wardship, purveyance and minor revenues and in return Parliament would establish permanent taxation and grant £200,000 in subsidies
- Parliament first demanded more reduction in royal income and then refused altogether
- High income through Impositions (£70,000) which had unlimited levy reason for this. James offered to put a cap on the levy, or halt Impositions altogether but parliament refuses - seeing it as illegal behaviour
- Reason for failure of Addled Parliament 1614 (refusal to grant money)
- Book of Rates 1608 - increased impositions by 1,200
- High income through Impositions (£70,000) which had unlimited levy reason for this. James offered to put a cap on the levy, or halt Impositions altogether but parliament refuses - seeing it as illegal behaviour
- Parliament first demanded more reduction in royal income and then refused altogether
- Reason for failure of Addled Parliament 1614 (refusal to grant money)
- Book of Rates 1608 - increased impositions by 1,200
- Robert Cecil's Great Contract proposal 1610 - Crown would surrender certain prerogatives such as wardship, purveyance and minor revenues and in return Parliament would establish permanent taxation and grant £200,000 in subsidies
- High income through Impositions (£70,000) which had unlimited levy reason for this. James offered to put a cap on the levy, or halt Impositions altogether but parliament refuses - seeing it as illegal behaviour
- Parliament first demanded more reduction in royal income and then refused altogether
- Robert Cecil's Great Contract proposal 1610 - Crown would surrender certain prerogatives such as wardship, purveyance and minor revenues and in return Parliament would establish permanent taxation and grant £200,000 in subsidies
- Parliament's uncooperative attitudes
- Parliament's uncooperative attitudes
- Inheritance from Elizabeth
- Issues concerning possible corruption/exploitation of monarchy's power
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