Method 3- Monopolies and Grants

Cards (3)

  • Charles broke spirit of the 1624 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