Chapter Three | Attempts to Strengthen Crown Finances Flashcards Preview

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Flashcards in Chapter Three | Attempts to Strengthen Crown Finances Deck (16)
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1
Q

What was the Great Contract?

A

Cecil tried to convince Parliament to grant £600,000 subsidy = some feudal rights

2
Q

How did Cecil use the Book of Rates to strengthen finances?

A

Impositions = parliamentary subsidy

3
Q

Why did Cecil’s revision of the Book of Rates create conflict with Parliament?

A

Questioned right over taxation & Crown’s need for it

4
Q

How did the Treaty of London strengthen finances?

A

Concluded 19-year Anglo-Spanish war in 1604

5
Q

Why did Cecil order the Book of Bounty in 1608?

A

More money from crown lands by revising leasing policy

6
Q

What were the figures for Crown debt and expenditure by 1610?

A

£280,000 & £511,000

7
Q

Was the sale of knighthoods successful in strengthening Crown finances?

A

Allowing courtiers to offer at a price devalued title in long-term

8
Q

Was the creation of a new title successful in strengthening Crown finances?

A

‘Baronet’ sold for £1095 in 1611 - £90,885 by 1614

9
Q

What promises did James make?

A

Stop gifting lands in 1608 & not grant gifts or pensions w/o Cecil’s agreement in 1609

10
Q

How much did Charles I secure in a limited subsidy in 1625?

A

£140,000

11
Q

How did Charles respond to the limited subsidy?

A

Provocatively collected T&P after 1-yr parliamentary grant expired

12
Q

What was benevolence?

A

Demanding money from liable subjects, through prerogative, in times of emergency

13
Q

Was benevolence successful in strengthening Crown finances in 1626?

A

Voluntary - few offered money

14
Q

What was a forced loan?

A

Form of prerogative income - public manner made refusal open act of opposition

15
Q

Why did Charles I call a forced loan in 1626?

A

faced war w/ sp. & fr. w/ no parliamentary finance

16
Q

Was the forced loan successful in strengthening Crown finances?

A

only 70% expected amount collected (£267,000)