How did Charles raise finance?

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How did Charles raise Finance?

Charles needed money but he didn’t want to call Parliament. Political Classes hit hardest

Customs Finance

With the Dutch excluded, England had full control of Iberian Trade. Trade became very prosperous in the 1630’s.

This increased crown revenue by 2/3rds and attributed to custom revenue. Increased trade meant tonnage and poundage increase (which Charles still didn’t have permission to take from parliament)

Royal spending cuts

£260,000 spent on the royal household. The King has 24 meat dishes served twice a day.

This was not very successful, the household didn’t cut back because they believed it was their right to have lavish spending, but they did stop the upward curve of spending.

Distraint of Knighthood- Prerogative right

Anyone who earned more than £40 per year was supposed to present themselves to court to become knighted. Due to inflation many people…


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