Chapter 3: Finance (The Quest for political stability) Flashcards
why wasn’t parliament forthcoming with funds
due to Charles’s foreign and religious policies
how many subsides did parliament pass for the war effort and how much was this worth
parliament passed two subsides worth £140,000
what was Charles’s response to being granted the subsides
he claimed that this wasn’t enough and against precedence, Charles asked for more
what was the difference between Charles and other monarchs in regards to being granted tonnage and poundage
traditionally given to monarchs for life but Charles was given tonnage and poundage for one year as a way of bargaining to remove impositions
what agreement did Charles make while dissolving parliament and how did he break this agreement
- he dissolved parliament with an agreement of not renewing tonnage and poundage and no further war subsidy
- but he used his prerogative powers to collect it either way
consequences of forced loan 1626
- damaging to relations with the propertied classes represented by parliament
- forced loan 1626 led to the Five knights’ case
brief summary of The Five knight’s case
- Defendants’ barristers cited the Magna Carta and other ancient legal documents as checks to royal absolutism
- this demonstrated the growth of opposition against the Kings policies
what did Charles do when he needed funds
- Released all those who were imprisoned for refusing to pay the loan
- Recalled parliament in March 1628
what was the consequence of releasing those who refused to pay the loan
- 27 of those imprisoned were successfully elected for parliament
- led to the petition of right which asserted the claim of no taxation without the parliaments consent
what was the petition of right
commons made a joint petition with the House of Lords to safeguard their liberties
how was the right which declared the claim of no taxation without the parliaments consent asserted again
asserted again in the Three Resolutions of March 1629
what did Charles rely on during his personal rule
Relied on dubious prerogative taxation
how much did ship money bring in per year
Ship money raised £200,000 per year
what was the public response to ship money and why
caused much resentment due to the expansion of ship tax through the entire country
in what year did Charles decide to enter war with the Scots
1639