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Unit 4-Charles personal rule (1629-40)
Charles Financial Policies
Method 1 - Reduce expenditure
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Royal household amounted to $
260000
per annum which is
40
% of royal income causing Charles to reduce it
Charles made limited reform as he didn't want to
alienate
the court but he followed a
neutral
foreign policy and kept out of the 30 years war
Due to the neutral policy, England benefitting from increased trade with
Spain
and
Baltic
nations during war at the expense of the united Provinces
Customs
duties rose and all this meant that by 16
37
, the crown was virtually solvent