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Unit 4-Charles personal rule (1629-40)
Charles Financial Policies
Method 3- Monopolies and Grants
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Charles broke spirit of the 16
24
agreement by granting monopolies to
companies
not individuals and this was generally unpopular as it made prices
rise
Sometimes, this was favoured by
Catholics
due to them getting financial opportunities like the
Popish
Soap Company
However, this was an ineffective source of income as for every £
100,000
the Crown raised, the patent raised £
750,000