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Limits the role of the king; a king does not have absolute power and is beholden to state laws. -
Parliament was a way to monitor the king, and certain legislations had to pass through them, taking away the king's complete authority. -
James I created impositions in order to create more tax revenue and government funds. This made him an unpopular king, and parliament often challenged him.
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Charles attempted to push back on the limited monarchy; he implemented tariffs, tried to collect taxes that no longer existed, and forced new taxes upon people, and arrested them if they couldn't pay.
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The Petition Right declared that implemented loans and taxes have to have parliamentary support. The king cannot create new taxes at will; this limits the power of the monarch. -
This was a gathering of parliament that reestablished parliamentary power. They abolished courts established by the king that had upheld his ludicrous policies and taxes, and reinforced the rule that all taxes required parliamentary approval.
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This is the final straw that truly limits the power of the monarchy, making absolutism impossible. Government power is essentially signed out of the hands of the monarchs, and Parliament is given government control.