page_title: John, King of England
section_title: Economy
hierarchical_section_title: John, King of England / John as king / Economy
caption_attribution_description: English: A silver penny of John, struck at Dublin
context_page_description: John was King of England from 1199 until his death in 1216. He lost the Duchy of Normandy and most of his other French lands to King Philip II of France, resulting in the collapse of the Angevin Empire and contributing to the subsequent growth in power of the French Capetian dynasty during the 13th century. The baronial revolt at the end of John's reign led to the sealing of Magna Carta, a document sometimes considered an early step in the evolution of the constitution of the United Kingdom.
  John was the youngest of the four surviving sons of King Henry II of England and Duchess Eleanor of Aquitaine. He was nicknamed John Lackland because he was not expected to inherit significant lands. He became Henry's favourite child following the failed revolt of 1173–74 by his brothers Henry the Young King, Richard, and Geoffrey against the King. John was appointed the Lord of Ireland in 1177 and given lands in England and on the continent. The war between Henry II and his eldest sons ended with the deaths of Henry the Young King and Geoffrey.
context_section_description: One of John's principal challenges was acquiring the large sums of money needed for his proposed campaigns to reclaim Normandy. The Angevin kings had three main sources of income available to them, namely revenue from their personal lands, or demesne; money raised through their rights as a feudal lord; and revenue from taxation. Revenue from the royal demesne was inflexible and had been diminishing slowly since the Norman conquest. Matters were not helped by Richard's sale of many royal properties in 1189, and taxation played a much smaller role in royal income than in later centuries. English kings had widespread feudal rights which could be used to generate income, including the scutage system, in which feudal military service was avoided by a cash payment to the King. He derived income from fines, court fees and the sale of charters and other privileges. John intensified his efforts to maximise all possible sources of income, to the extent that he has been described as "avaricious, miserly, extortionate and moneyminded". He also used revenue generation as a way of exerting political control over the barons: debts owed to the crown by the King's favoured supporters might be forgiven; collection of those owed by enemies was more stringently enforced.
  The result was a sequence of innovative but unpopular financial measures. John levied scutage payments eleven times in his seventeen years as king, as compared to eleven times in total during the reign of the preceding three monarchs. In many cases these were levied in the absence of any actual military campaign, which ran counter to the original idea that scutage was an alternative to actual military service. John maximised his right to demand relief payments when estates and castles were inherited, sometimes charging enormous sums, beyond barons' abilities to pay. Building on the successful sale of sheriff appointments in 1194, the King initiated a new round of appointments, with the new incumbents making back their investment through increased fines and penalties, particularly in the forests. Another innovation of Richard's, increased charges levied on widows who wished to remain single, was expanded under John. John continued to sell charters for new towns, including the planned town of Liverpool, and charters were sold for markets across the kingdom and in Gascony. The King introduced new taxes and extended existing ones. The Jews, who held a vulnerable position in medieval England, protected only by the King, were subject to huge taxes; £44,000 was extracted from the community by the tallage of 1210; much of it was passed on to the Christian debtors of Jewish moneylenders. John created a new tax on income and movable goods in 1207 – effectively a version of a modern income tax – that produced £60,000; he created a new set of import and export duties payable directly to the Crown. He found that these measures enabled him to raise further resources through the confiscation of the lands of barons who could not pay or refused to pay.
  At the start of John's reign there was a sudden change in prices, as bad harvests and high demand for food resulted in much higher prices for grain and animals. This inflationary pressure was to continue for the rest of the 13th century and had long-term economic consequences for England. The resulting social pressures were complicated by bursts of deflation that resulted from John's military campaigns. It was usual at the time for the King to collect taxes in silver, which was then re-minted into new coins; these coins would then be put in barrels and sent to royal castles around the country, to be used to hire mercenaries or to meet other costs. At those times when John was preparing for campaigns in Normandy, for example, huge quantities of silver had to be withdrawn from the economy and stored for months, which unintentionally resulted in periods during which silver coins were simply hard to come by, commercial credit difficult to acquire and deflationary pressure placed on the economy. The result was political unrest across the country. 
caption: A silver King John penny, amongst the first struck in Dublin
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