The Importance of Optimism

By 1618 the King's debt had risen to 900,000 quid despite all that rummaging around down the back of the sofa in positions and so on. Cranfield was pretty effective actually while facing this impossible task. By 1620 he reduced the debt to 712,000 and there was actually a surplus on the ordinary account of 45,000Quid a year. James also commissioned the banqueting house in Whitehall Palace to stage grand events and entertainment as well as to host formal dinners.