James' Finance
- 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
- peaceful foreign policy
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