Premium Essay

Charles I's Demand In 1626 Research Paper

Submitted By
Words 1180
Pages 5
Wendy Kofi Adu
“Charles I’s demand for the Forced Loan of 1626 was purely a political measure”
Explain why you disagree or agree with this view.

Charles I’s demand, in 1626, for the Forced Loan, was not a political measure, but undoubtedly a financial one that happened to have political advantages.
King Charles, after only one year of reign, was threatened by an impending war with Spain and France, and this was the reason why he was in a desperate need of money.
Following the disastrous and embarrassing expeditions to Cadiz, where the poorly equipped English soldiers got drunk and began fighting with each other, and later on at La Rochelle, personally led by Buckingham, where besides the lack of reinforcements and provision from the motherland, …show more content…
Five of the imprisoned knights challenged the king’s will by applying the writs of “habeas corpus”, questioning the legality of their incarceration. Unfortunately, for them, the court sided Charles, motivating him to continue further with the Forced Loan.

In conclusion, Charles mandatory request or the Forced Loan commenced primary as a financial manoeuvre, demanded to ensure enough funds to be able to participate the war. Although is undeniable that this manoeuvre had strong political messages, directed majorly to the parliament. Charles proved to the parliament, his reign, and most importantly to himself that he had enough power to collect substantial taxes or subsidies without their approval.
The five knights’ case is an ulterior demonstration and statement of Charles’ absolute power to himself. The court refusal to order the release of the unjust imprisonment of the seventy-six gentlemen and knights for not paying the Forced Loan is nothing but good news because it meant he could carry on with the loans.
Consequently, Charles ruled the reign for eleven years without calling the parliament, using different ways to raise money without their

Similar Documents

Free Essay

Essential Thinkers

...Occam . . . . . . . . . 54 The Liberals Adam Smith . . . . . . . . . . . . . . 106 Mary Wollstonecraft . . . . 108 Thomas Paine . . . . . . . . . . . . . 110 Jeremy Bentham . . . . . . . . . 112 John Stuart Mill . . . . . . . . . . 114 Auguste Comte . . . . . . . . . . . 116 The Eleatics Parmenides of Elea . . . . . . . 16 Zeno of Elea . . . . . . . . . . . . . . . 18 The Age of Science Nicolaus Copernicus . . . . . . 56 Niccolò Machiavelli . . . . . . . 58 Desiderus Erasmus . . . . . . . . 60 Thomas More . . . . . . . . . . . . . . 62 Francis Bacon . . . . . . . . . . . . . . 64 Galileo Galilei . . . . . . . . . . . . . 66 Thomas Hobbes . . . . . . . . . . . . 68 Sir Isaac Newton . . . . . . . . . . 70 The Evolutionists Charles Darwin . . . . . . . . . . . 118 Henri Louis Bergson . . . . 120 A. N. Whitehead . . . . . . ....

Words: 73655 - Pages: 295

Premium Essay

Health Care Finance

...Finance Course: Health Care Finance Readings MBAHC−4 California College for Health Sciences MBA Health Care Program McGraw-Hill/Irwin abc McGraw−Hill Primis ISBN: 0−390−55313−1 Text: Advanced Financial Accounting, Sixth Edition Baker−Lembke−King Harvard Business School Accounting Cases Corporate Finance, Seventh Edition Ross−Westerfield−Jaffe Harvard Business Review General Management Articles Harvard Business School Finance Cases This book was printed on recycled paper. Finance http://www.mhhe.com/primis/online/ Copyright ©2005 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher. This McGraw−Hill Primis text may include materials submitted to McGraw−Hill for publication by the instructor of this course. The instructor is solely responsible for the editorial content of such materials. 111 FINAGEN ISBN: 0−390−55313−1 Finance Contents Ross−Westerfield−Jaffe • Corporate Finance, Seventh Edition I. Overview 1 1 20 34 34 69 97 129 151 151 192 192 214 214 248 1. Introduction to Corporate Finance 2. Accounting Statements and Cash Flow II. Value and Capital Budgeting 4. Net Present Value 5. How to Value Bonds and Stocks 7. Net Present Value and...

Words: 226746 - Pages: 907

Premium Essay

Harold Bloom

...Bloom’s Classic Critical Views W i l l ia m Sha k e Sp e a r e Bloom's Classic Critical Views alfred, lord Tennyson Benjamin Franklin The Brontës Charles Dickens edgar allan poe Geoffrey Chaucer George eliot George Gordon, lord Byron henry David Thoreau herman melville Jane austen John Donne and the metaphysical poets John milton Jonathan Swift mark Twain mary Shelley Nathaniel hawthorne Oscar Wilde percy Shelley ralph Waldo emerson robert Browning Samuel Taylor Coleridge Stephen Crane Walt Whitman William Blake William Shakespeare William Wordsworth Bloom’s Classic Critical Views W i l l ia m Sha k e Sp e a r e Edited and with an Introduction by Sterling professor of the humanities Yale University harold Bloom Bloom’s Classic Critical Views: William Shakespeare Copyright © 2010 Infobase Publishing Introduction © 2010 by Harold Bloom All rights reserved. No part of this publication may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage or retrieval systems, without permission in writing from the publisher. For more information contact: Bloom’s Literary Criticism An imprint of Infobase Publishing 132 West 31st Street New York NY 10001 Library of Congress Cataloging-in-Publication Data William Shakespeare / edited and with an introduction by Harold Bloom : Neil Heims, volume editor. p. cm. — (Bloom’s classic critical views) Includes bibliographical references...

Words: 239932 - Pages: 960

Premium Essay

Finance

...Finance Course: Corporate Finance MBA−10 California College for Health Sciences MBA Program McGraw-Hill/Irwin abc McGraw−Hill Primis ISBN: 0−390−55204−6 Text: Harvard Business School Entrepreneurship Cases Corporate Finance, Seventh Edition Ross−Westerfield−Jaffe Harvard Business School Finance Cases This book was printed on recycled paper. Finance http://www.mhhe.com/primis/online/ Copyright ©2005 by The McGraw−Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher. This McGraw−Hill Primis text may include materials submitted to McGraw−Hill for publication by the instructor of this course. The instructor is solely responsible for the editorial content of such materials. 111 FINAGEN ISBN: 0−390−55204−6 Finance Contents Ross−Westerfield−Jaffe • Corporate Finance, Seventh Edition I. Overview 1 1 20 34 34 35 70 98 130 152 152 193 219 219 241 241 275 1. Introduction to Corporate Finance 2. Accounting Statements and Cash Flow II. Value and Capital Budgeting Introduction 4. Net Present Value 5. How to Value Bonds and Stocks 7. Net Present Value and Capital Budgeting 8. Risk Analysis, Real Options, and Capital Budgeting III: Risk 10. Return and Risk: The Capital−Asset−Pricing...

Words: 179333 - Pages: 718