5283203
Description
Mind Map by Charley Dugher, updated more than 1 year ago
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Created by Charley Dugher
almost 8 years ago
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James I Financial Problems
- Treasurers
- Dorset
- The first lord treasurer
- The great farm
- Sold off the rights to collect
customs duties to different
financiers
- Secured a steady
income from
customs for the
crown.
- Sold off the rights to collect
customs duties to different
financiers
- The first lord treasurer
- Dorset
- Feudal Laws
- He had the right to buy food
for the court at a discounted
rate
- Led to huge waste
in the court
- Also caused
problems for local
merchants
- Led to huge waste
in the court
- The king could sell off wardships of minors
whos parents died with them too young to
inherit.
- Annoyed subjects, many families saved to
make sure that if they died a family
member could buy the wardship.
- Wardships were valuable
because whoever had the
wardship could run the
childs estate until they
were old enough to do so
themselves.
- Annoyed subjects, many families saved to
make sure that if they died a family
member could buy the wardship.
- The king had the right to decide
marriages with wealthy widows or
female heirs of tennents.
- He had the right to buy food
for the court at a discounted
rate
- Doomed Inheritance
- James was also stuck with the results of
the wars with spain, which lead to ship
tax being moved in shore and anoyed
subjects since this broke taxation laws.
- There were court debts
but they were more than
covered by the war debt
from Spain.
- There were court debts
but they were more than
covered by the war debt
from Spain.
- Elizabeth the first had been very
stringent with the royal money, and
left rather a lot of money in the
treasury for James I.
- Elizabeth had achieved her financial stability
by selling off crown lands when needed,
which would've earned James money.
- She had also given a range of
very long leases on large plots
of land, so on a sixty year lease
a piece of land worth
thousands after ingflation
would be rented at an
Elizabethen rate.
- She had also given a range of
very long leases on large plots
of land, so on a sixty year lease
a piece of land worth
thousands after ingflation
would be rented at an
Elizabethen rate.
- Elizabeth had
made many
efforts to
increase customs
duties.
- James was also stuck with the results of
the wars with spain, which lead to ship
tax being moved in shore and anoyed
subjects since this broke taxation laws.
- She also didn't give any pensions or
grants of land to the leading nobels.
- Underpayed officials had fallen
into bribary and curruption.
- This lead James I to
have to be very
generous to keep the
lords on side.
- James was often blamed for spending
too much on his favorites, particularly
since many of them were unpopular
scotish nobels.They often got 4x what
english counterparts did.
- James was often blamed for spending
too much on his favorites, particularly
since many of them were unpopular
scotish nobels.They often got 4x what
english counterparts did.
- Underpayed officials had fallen
into bribary and curruption.
- Favorites
- James' favorites were often
scotish nobility. This made
English nobels jelous since
these favorites tended to be on
around 4x more than their
english counterparts.
- The ammounts he spent on
favorites like Buckingham
who were suspected to be
his lovers also iritated some
- James' favorites were often
scotish nobility. This made
English nobels jelous since
these favorites tended to be on
around 4x more than their
english counterparts.
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