17 Century Flashcards
(99 cards)
What are crown lands?
‘Ordinary revenue’
Leased out for rent but often on long leases that did not keep up with inflation
Income had also declined because of sales of land by Elizabeth
What are wardships?
The kings right to act as a guardian to the children of tenants who died before the child was old enough to inherit
Profits were made from administering the estate and from profitable marriages and dowries
What is purveyance?
The kings right to buy food and supplies for the court at reduced prices
What are monopolies?
The kings right to grant exclusive rights to make and sell good of particular kinds
What is tonnage and poundage?
Customs duties on wine and wool normally granted to the king for life by his first parliament
What are forced loans?
Non parliaments ary taxed which English monarchs demanded from their richer subjects
What are subsidies?
A direct tax granted by parliament
A tax on income for landowners, office holders and wage earners or movable property for merchants, craftsmen and tenant farmers
What is ship money?
A tax levies in wartime from costal areas for building ships
How was James irresponsible with his spending?
He gave lots of money to his ‘companions’ ( sir Robert Carr and George Villiers) because he overestimated his wealth
- when parliament granted James 3 subsidies to settle his debt he gave away £44,000 to 3 Scot friends
Excessive eating and drinking
Spent a lot of money on the royal family
What were James’ sources of income at the beginning of his rule
Purveyance
Forced loans
Loans on credit
Wardships
Justice (fines, court fees)
Tonnage and poundage
Monopolies
Crown lands
Direct taxes- granted by government
Why did people hate James at the beginning of his rule?
parliament- he was irresponsible with his money
courts- the king loved company of young men, degenerated into corruption and scandal
- complaints that James favoured his Scottish cronies
The results of James’ financial weakness
- increased royal debt
- falling back into unpopular financial measures
- increasing dependency on parliament even through conflict
- public hate for king as they’re poor as a result of his stealing
- weak military capabilities
- crowns authority decreasing
How did James inherit a ‘poisoned chalice’?
The consequences of Elizabeth’s bad decisions had been passed down to James when he became king for him to resolve. Most problems were economic.
What was ‘the British problem’ that Elizabeth had passed down to James
James inherited a lethal cocktail of mutual national antagonism of England and Scotland
- different historical traditions
- religious diversity
- threatened to breed national suspicions and fears that could disrupt political stability
What religious positives do James I inherit from Elizabeth?
Elizabeths ‘via media’ combined catholics and Protestants into the English church
This prevented England from being torn apart by a war of religion.
How much debt did Elizabeth leave to James?
she left him £420,000
But she also left him £300,000 of uncollected subsidies but he never really managed to collect them so he was still left with the large sum of debt
How did forced loans contribute to the ‘poisoned chalice’ Elizabeth left James
Elizabeth had abused forced loans so much that the nobility were on the brink of rebellion and left extremely poor and furious
James was left with very little and was therefore left with less income
How did wardships contribute to the ‘poisoned chalice’ Elizabeth left James
Elizabeth took the money and set the children up with cheap houses which led to hatred of the monarch, he couldn’t abuse this as much as Elizabeth did
How did crown lands contribute to the ‘poisoned chalice’ Elizabeth left James
These were a form of steady income however Elizabeth sold 50% to pay from the armada which meant that James has 50% less income
How did collection of taxes contribute to the ‘poisoned chalice’ Elizabeth left James
Customs farming was very popular so there was lots of corruption as people collecting taxes needed payment and took what they wanted
The crown only got about 30% of taxes as most also refused to pay
What was the great contract?
1610
The great contract was a contract that meant parliament would give James £200,000 a year so that he could settle his £600,000 debt in return for James giving up purveyance, wardships and forced loans.
Why did the great contact not work from James’ side?
- It costed more than £200,000 for James to take care of his family
- he would have to give up purveyance, warships and forced loans which gave him over £200,000 a year
- Overall, James would’ve been earning more money if he had
Why did the great contract not work from parliaments side?
- parliament didn’t trust James to spend the money
- Parliament didn’t want the king to be financially stable because then they wouldn’t be needed anymore
What was the gunpowder plot?
1605
- 12 catholic plotters sought to blow up the house of parliament whilst it was in session with the king
- after being caught, all plotters were executed
- 2 high profile Jesuit priests were tried and executed