james financial problems of his own making?

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  • Created by: Ellioo
  • Created on: 31-05-22 11:28
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  • 1603- 25 How far were James I’s financial problems of his own making?  
    • inherited problems
      • debt £420 000
      • crown lands
        • instead- purveyance, wardships, monopolies
        • liz-sold for war with spain
        • big source of revenue gone
      • bad harvests 1590s
        • rising crop prices
      • inflation- affecting value of money and goods
      • unreformed tax system
    • ministers
      • rob cecil [1608]- book of rates-  impositions
        • new duties resented
        • economy- steady growth, esp in cloth
      • lionel cranfield [1618]- investigated royal expenditure
        • patronage, bribes from trust given
    • extravagance
      • sir rob carr- £100k- scot
      • lifestyle- hunting drinking
      • buckingham- 400k/yr
    • projects
      • cockayne project [1614]
        • drastic decrease in cloth, plan to nationalise cloth industry

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