https://padlet.com/ecreech/Jamesmoney Do you agree? en-us 2016-10-14 13:38:53 UTC 2016-10-17 11:12:06 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/File.png https://padlet.com/ecreech/Jamesmoney/wish/131084496 -Inherited £100,000 of debt from Elizabeth
-He had family expenses which Elizabeth didn't
-Considerable inflation & price revolution
-Money was still being spent in the army
-Elizabeth sold £800,000 worth of crown lands which meant rent couldn't be collected
-Deep problems within the financial system
-Cockayne project was a failure
-Titles decreased in value]]> 2016-10-17 11:04:35 UTC https://padlet.com/ecreech/Jamesmoney/wish/131084496 https://padlet.com/ecreech/Jamesmoney/wish/131084499 - System outdated and inefficient.
-Inherited small debt that disguised ruinous system.
- Elizabeth sold £800,000 worth of Crown land.
- Wealth for taxation assessed by nobility.
- Soldiers were still garrisoned in Ireland.
- Sackville filled his sack.
- Customs farmers were creaming profits for their pockets.
- Crazy inflation that the nobility didn't want to reassess.
- Created titles lost all value after they were oversold.]]> 2016-10-17 11:04:35 UTC https://padlet.com/ecreech/Jamesmoney/wish/131084499 https://padlet.com/ecreech/Jamesmoney/wish/131084530 - supposed to get rents of crown lands but Eliz sold £800,000 worth of lands - less income
- poor harvests led to inflation and 'price revolution' - cost of living rose
- system of financing the crown outdated and inefficient
- eliz debt masking the underlying problem
- had a family to pay for
- Elizabeth scrimped on patronage to nobility - they expected patronage from new king 
-crown lands managed poorly
- Book of Rates not inline with inflation
- value of Subsidy below under-representative of the wealth of the elite
- corruption within system as ministers unpaid
- soldiers still needed with war in Spain 
- customs farmers made profit which was meant for the crown
-MPs concerned with funding king with The Great Contract as they had little to gain 
- factional rivalries in court
- opposition from nobility to Cranfield's reforms]]> 2016-10-17 11:04:46 UTC https://padlet.com/ecreech/Jamesmoney/wish/131084530 https://padlet.com/ecreech/Jamesmoney/wish/131084550 -Spent £185,000 on jewels 
-Spent £400,000 in peace time
-Spent money on "double supper"
-much of his patronage was spent on Scottish nobles which meant he was unpopular with English parliament and therefore received less money from them
-he left the offices of lord treasurer and Secretary of State vacant 

-]]> 2016-10-17 11:04:57 UTC https://padlet.com/ecreech/Jamesmoney/wish/131084550 https://padlet.com/ecreech/Jamesmoney/wish/131084698 -Spent £185,000 on jewels
-pensions to courtiers rose from 50,000 to 80,000 a year 
-spent £100,000 more than Elizabeth 
-ante suppers
-first Lord treasurer was corrupt
-military spending didn't stop evenafter  the wars
-in 12yrs debt increase from 816,000 to 900,000

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