Salma Ahmed
English Lit. GCSE Student
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Does James I Deserve his Reputation as a Financially Inept Monarch?
- Words:
- 1991
- Submitted:
- Wed Apr 07 2004
Have a little read: ... Does James I Deserve his Reputation as a Financially Inept Monarch? James Is financial position within three years of coming to the throne was enough to secure his reputation as a financially inept monarch. The scale of his unbridled extravagance and generosity had accumulated him a debt of £816,000 by this point, and as royal spending continued to rise dramatically, one financial crisis gave way to another and it began to emerge that this ruinous lavishness would have serious implications both on the country's economy as well as the King's reputation. The annual expenditure incurred by Queen Elizabeth was immediately extended by James to cover his extremely conspicuous spending at court and on fees and pensions to courtiers, prompting Henry IV of France to hail him as 'the wisest fool in Christendom'. There can be no doubt that James' financial handlings opened up fundamental and permanent fractures in the already creaking
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