Elizabeth made up a lot of debt mainly by fighting the war with Spain which didn’t end until 1604 and so James had to spend some of the governmental money on funding this war. James also wasn’t very good at political debated or talking to the English parliament as they weren’t keen on his favourable Scots so this led to tension there and them not wanting to help fund the war on Spain now James was king. However id James had worked on getting rid of Elizabeth’s debt from the war, monopolies and purveyance then the economy in England would have been more stable. James had financial issues which were down to Elizabeth and what he inherited from her. In source 1 Smith states that “The Spanish war imposed heavy burdens on the country” which is shown in the fact Elizabeth incurred debts of ‘£300,000 a year in ordinary revenue’, and her expedition in the new world lost the English over £5,000 and gave henry iv of France £20,000 to gain his loyalty.
By placing high taxes on imported luxury goods, he inadvertently encouraged smuggling. Philip's monstrous palace and monastery at Escorial had consumed much of Spanish wealth.” (http://www.hyperhistory.net/apwh/bios/b2philip2-spain.htm). Clearly states that Philip II did not value his money at all. He owed 36 million ducats with an annual deficit of 1 million ducats; this was because of his recklessness with money and because of all the money he wasted on wars. Aside from reducing state revenues for overseas expeditions, the domestic policies of Philip II further burdened Spain and would in the following century, contribute to its decline.
In order to continue battling France, the King forced from his barons greater taxes and additional military services, this angered the barons because he did not consult them before raising taxes; this was a violation of feudal law and custom. On top of angering the barons, King John also angered the citizens and the church as well. He was using unnecessary military force and demanded a ridiculous amount of taxes. Disagreements between Pope Innocent III, King John, and the English barons about the Kings rights were how the Magna Carta came to be written. A new Archbishop was to be elected; the candidates were the monks of Canterbury, and the other candidate was someone that the king favored, the Pope had the election take place in front of him, to see fair play.
The conflict that helped provoke the civil war was the feud between Percy’s and Neville’s. Henry VI did little or nothing to solve these matters, therefore noble families were forced to choose sides, as the bitterness between them meant they could not fight for the same cause. It was Henry’s inadequacies that allowed these disputes to gain such a high level of importance as he did little to stop them, and did nothing to punish the nobles who were out of line. Henry’s poor military leadership is another reason for the outbreak of the civil war. He failed to live up to his father’s great military reputation, which caused most critics for his
This was because the government had problems with their policies and mandates, also because voters believed that John Howard had been Prime Minister for too long. The Labour Party also used negative campaigning by labeling Howard as a ‘clever politician,’ implying that he cannot be trusted. Rudd also represented new leadership and a change for the voters, he was also very careful to avoid policy controversies. In the 2007 Federal election, the whole year became a ‘phoney campaign’ meaning that the Labour government maintained a strong polling lead over the incumbent government. When John Howard called the election on 24th November which was the almost last possible date, the incumbent government was trailing 6-8% in the polls, Howard set a longer than average campaign of 39 days in hope of making up lost ground in the campaign
Both sides were seizing the estates of their enemies to finance the war effort, creating even more political chaos. The King gained several victories, which all the more inclined him not to negotiate or compromise with the rebels. Having said this, the parliament had their own internal divisions which had a direct effect on that of a settlement. The division of parliament into Presbyterians and Independents made it much more difficult to reach a settlement after 1646. Parliament couldn’t agree on anything such as taxes.
These factors all upset the royalists and meant they had negative opinions of Clarendon which they were able to whisper in Charles’s ear when Clarendon wasn’t around and turn Charles’s more against Clarendon so it became easier to dismiss him and use him as a scapegoat later on. In terms of finance, Clarendon was also unsuccessful. He only managed to gain £1.2million a year for Charles which was too limited. He didn’t provide an adequate income and according to Farmer, ‘Finance was at the root of the troubles which toppled Clarendon’ which was because
The British embarrassed the Confederation by keeping frontier forts on the American side of the boundary set up by the peace treaty. III Weakness of the Articles of Confederation 1.There were many weaknesses and the congress could not establish a common currency. 2. Without money the federal government could not pay or fund the large war debts. Congress was not getting enough money from the states and need lots more.
The Acts fueled anger toward the Mother Country making their relationship precarious. In summation, the seven years’ war brought internal conflict that cause detrimental effect on political economic and social relationship between the British and the North American colonies. The colonies were unhappy due to limited political participation allowed by the Great Britain. Series of Acts passed had inauspicious effect of the economy and constant interference caused their relationship to be
Additionally, Henry's grasping nature was particularly unpopular among those expected to pay him and this stirred opposition making it difficult for Henry to collect revenues and improve financial stability. Henry took a particular interest in his finances and in the first two years of his reign Henry abandoned the Yorkist practice of using the chamber and instead decided to resume with the exchequer to take control of royal finances. However, by 1487 it was evident that this had been a major mistake. Due to Henry focusing on in hi security he neglected other important aspects of the crown like his estates. In Edward's reign