Date: August 4th, 2026 5:48 PM Author: Jared Baumeister
To raise revenue without reconvening Parliament, Charles resurrected an all-but-forgotten law called the "Distraint of Knighthood", in abeyance for over a century, which required any man who earned £40 or more from land each year to present himself at the king's coronation to be knighted. Relying on this old statute, Charles fined those who had failed to attend his coronation in 1626.[92][e]
Date: August 4th, 2026 5:50 PM Author: Jared Baumeister
Charles also derived money by granting monopolies, despite a statute forbidding such action, which, though inefficient, raised an estimated £100,000 a year in the late 1630s.[98][f] One such monopoly was for soap, pejoratively called "popish soap" because some of its backers were Catholics.[100]