James I begins to sell peerages

(28 words)
  • Editors

Historical Context Note

In a desperate big to improve his financial position, James I of England begins to sell peerages. The first men to be ennobled are Lords Teynham and Houghton.
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Editors. "James I begins to sell peerages". The Literary Encyclopedia. First published 01 February 2011
[http://www.litencyc.com/php/stopics.php?rec=true&UID=15772, accessed 29 May 2015.]