Financial problems pre-1629

Question 1

Debt

Answer 1

1625: over £1 million
1629: £2 million

Question 2

Forced Loan

Answer 2

1626
- Parliament refuses to provide money demanded
- Historian Cust calls it a “test of political loyalty”
- Raised £240K in 10 months
- Leads to five knights’ case in 1627
- Led to Petition of Right 1628, damages relationship between Crown and Parliament