James' Finance

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  • Created by: 10simso
  • Created on: 20-04-16 09:43
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  • How did James try to solve finance?
    • peaceful foreign policy
      • peace with Spain (Treaty of London
      • reduction  in Irish intervention
      • spend less
      • less border control with Scotland
      • more trade
    • customs duties
      • 'tonnage and poundage' - charges on imports and exports
      • trade expanded, so income from duties increased too
      • 3rd of royal revenue
      • the Lord Treasurer and and secretary Robert Cecil farmed out the collection process
        • -> the right to collect was sold to a group of financers

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