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This created the ?Canker of want' (James) where income was less than expenditure. Inflation had seriously decreased the value of subsidies granted by parliament from ?140,000 in 1500 to ?72,500 in 1600. James was not happy with ?the greatness of my debt and the smallest of my means'. Fixed rents and poor management of his feudal dues created even more problems for James; he could no longer ?Live of his own' and had to rely on money from parliament. As Russell said ? The Stuarts inherited a financial system that was already at the point of breakdown'.
The character and qualities of James did not help the relationship...
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Common topics in this essay:
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