Methods of finance

Annotations:

• I am trying to make this mind map as accurate as possible, although there are many interpretations of this history as it was so long ago! If you can prove that anything is incorrect please let me know so I can update it! Thanks!

1. 1625-1629
   1. Continuing to collect tonnage and poundage after 1625
   2. Forced Loan 1626
   3. Commission for Defective Titles in 1628
      1. Forest fines
         1. only raised £38,667 at a political cost of alienating gentry
      2. Land titles
      3. Enclosure fines
2. Personal Rule.
   1. Treaty of Susa 1629

      Annotations:

      • Peace with France to save money on war
   2. Treaty of Madrid 1630

      Annotations:

      • Peace with Spain to save money from war
   3. Ship Money from 1634

      Annotations:

      • from 1635 it was levied on everyone
   4. FISCAL FEUDALISM
      1. Continuing to collect tonnage and poundage
         1. 1631-35, this brought Charles £270,000 a year
      2. new Book of Rates 1635
         1. Updated customs duties
            1. By end of 1630s, raised £425,000 per year
      3. Recusancy fines
         1. By 1634, £26,866 raised per year
      4. Distraint of Knighthood
         1. Fined if owned land worth more than £40pa
         2. Fined if not knighted at Charles' coronation
         3. By 1635, more than £170,000 raised
      5. Monopolies e.g popish soap
         1. earned Charles £33,000
      6. Wardships
         1. Crown had right to run any estate with heir under 21
            1. earned £75,000 pa