Miscellaneous
What is the government securing by showing economic growth?
What is private rights?
"______ played a necessary role in making possible economic growth and politcal freedom."
What are institutions.
What was one consequence of the government's inability to honor its debts during the Stuart period?
What is there was a decline in funds available from lenders.
How did the institutional changes after the Glorious Revolution help stabilize capital markets?
What is by ensuring governmental commitments to honor debts.
How did the changes in political institutions affect the relationship between the Crown and Parliament?
What is the Crown and Parliament established a cooperative relationship with shared power?
What was the main focus of North and Weingast's article on seventeenth-century England?
What is the evolution of the constitutional arrangements after the Glorious Revolution.
What were new institutions designed to do?
What are secure property rights, protect wealth, and eliminate confiscatory governance.
What did the Crown resort to when it was unable to systematically raise funds?
What are "forced loans"
The significant increase in government borrowing after the Glorious Revolution was facilitated by:
What is parliamentary authorization and oversight.
What did Parliament pass in 1624 to stop the Crown's using the law to further its objectives? Bonus: name the common law.
What is Statue of Monopolies?
Who is this?
What is James II
What happened after the Civil War that lead to the restoration of the monarchy in 1660?
What is the the abolition of the monarchy and the Houser of Lords.?
What other tensions were going on in England that would weaken the state of the government?
What is the Catholic and protestant wars, failed marriage duties, and illegitimacy?
What institution was established to manage government loans after the Glorious Revolution?
What is the Bank of England.
What actions did the crown use to scare its people into compliance?
What is forcing people to give them loans, stealing from their own people, and using terror techniques to gain what they wanted?
What did parliament try to do to stop the crown prior to the opposition uprising?
What is crafting grievance lists and vocalizing their disliking of events?
What did the crown selling land signal to its constituents?
What is a failing government?
What incentives did the crown have to further economic growth?
What is there own?
What is described as the primary cause of the fiscal revolution following the Glorious Revolution?
What is the need for military financing and parliamentary support.
How many courts did the English government have? Which one was the most powerful?
What is two? And the star chambers was more powerful?
Describe one of the five significant institutional changes. (829) (Bragging rights if more)
1. Removed the underling source of expediency.
2. Limiting the Crown's legislative and judicial powers.
3. Parliamentary interests reasserted their dominance of taxation issue.
4. They assured their own role in allocating funds and monitoring their expenditure.
5. Creating a balance between Parliament and the monarchy.
What are the three areas in which the Bank of England conducted "private activities?"
What are:
1. Discounted Bills
2. Notes in Circulation
3. Drawing Accounts
What were the three elements that were central to the Crown's Success? (813)
1. Royal prerogative
2. The Star Chamber
3. In charge of day to day operations (they paid the judges)
What role did the Parliament play after the Glorious Revolution?
What is Parliament gained supremacy in controlling fiscal matters?
What are the political factors that help explain why the new era of parliamentary supremacy did not simply transfer power from the Crown to Parliament? (p.818) There are three potential answers.
1. The centralized administrative apparatus which enforced royal attempts to alter rights and property was destroyed.
2. The commercially minded ruling Whig coalition preferred limited government and especially limited political interference with the common law courts. Thus Parliament was politically constrained from intervention in the courts.
3. The creation of a politically independent judiciary greatly expanded the government's ability to promise to honor its agreements.