The practical if not formal
unification of England and Scotland under one ruler was an important shift of order for both nations, and would shape their existence to the present day. Another development of crucial significance was the foundation of the first British colonies on the North American continent;
Jamestown, Virginia in 1607,
Newfoundland in 1610, and
Plymouth Colony in Massachusetts in 1621, which laid the foundation for future British settlement and the eventual formation of both Canada and the United States of America. In 1609 the
Parliament of Scotland began the
Plantation of Ulster. A notable event of James' reign occurred on 5 November 1605. On that date, a group of English Catholics (including
Guy Fawkes) attempted to assassinate the King and destroy Parliament in the
Palace of Westminster. The initial plan consisted of hiding barrels of gunpowder under the parliament building and blowing it up while the house was in session, however, the
Gunpowder Plot was exposed and prevented, and the convicted plotters were
hanged, drawn, and quartered. Historians have long debated the curious characteristics of the king's ruling style. Croft says: :The pragmatism of 'little by little' was coming to characterise his style of governance. At the same time, the curious combination of ability and complacency, idleness and shrewd judgement, warm emotions and lack of discretion so well described by
Fontenay remained typical of James throughout his life.
Royal finances Political events and developments of the Jacobean era cannot be understood separately from the economic and financial situation. James was deeply in debt in Scotland, and after 1603 he inherited an English debt of £350,000 from Elizabeth. By 1608 the English debt had risen to £1,400,000 and was increasing by £140,000 annually. Through a crash program of selling off royal
demesnes, Lord Treasurer
Robert Cecil reduced the debt to £300,000 and the annual deficit to £46,000 by 1610—but could not follow the same method of relief much farther, especially in light of King James' large spending habits. The result was a series of tense and often failed negotiations with Parliament for financial supports, a situation that deteriorated over the reigns of James and his son and heir
Charles I until the crisis of the
English Civil War. The Jacobean era ended with a severe economic depression in 1620–1626, complicated by a serious outbreak of
bubonic plague in London in 1625.
Foreign policy King James I was sincerely devoted to peace, not just for his three kingdoms but for Europe as a whole. He called himself "Rex Pacificus" ("King of Peace"). Europe was deeply polarized, and on the verge of the massive
Thirty Years' War (1618–1648), with the smaller established Protestant states facing the aggression of the larger Catholic empires. In 1604, James made
peace with Catholic Spain, and made it his policy to marry his daughter to the Spanish prince. The marriage of James' daughter Princess
Elizabeth to
Frederick V, Elector Palatine at
Whitehall on the 14 February 1613 was more than the social event of the era; the couple's union had important political and military implications. Across Europe, the German princes were banding together in the Union of German Protestant Princes, headquartered in Heidelberg, the capital of the Palatine. King James calculated that his daughter's marriage would give him diplomatic leverage among the Protestants. He thus would have a foot in both camps and be able to broker peaceful settlements. In his naïveté, he did not realize that both sides were playing him as a tool for their own goal of achieving destruction of the other side. The Catholics in Spain, as well as the Emperor
Ferdinand II, the Vienna-based leader of the Habsburgs who controlled the Holy Roman Empire, were both heavily influenced by the Catholic Counter-Reformation. They had the goal of expelling Protestantism from their domains.
Lord Buckingham, who wielded increasing influence at court, wanted an
alliance with Spain. Buckingham took Charles with him to Spain to woo the princess, the
Infanta Maria Anna. However, Spain's terms were that James must drop Britain's anti-Catholic intolerance. Buckingham and Charles were humiliated. Buckingham subsequently became the leader of the widespread British demand for a war against Spain. Meanwhile, the Protestant princes looked to Britain, since it was the strongest of all the Protestant countries, to give military support for their cause. His son-in-law and daughter became king and queen of Bohemia, which outraged Vienna. The Thirty Years' War began as the Habsburg Emperor ousted the new king and queen of Bohemia and massacred their followers. Catholic Bavaria then invaded the Palatine, and James's son-in-law begged for James's military intervention. James finally realized his policies had backfired and refused these pleas. He successfully kept Britain out of the Europe-wide war that proved so devastating for three decades. James's backup plan was to marry his son Charles to a French Catholic princess, who would bring a handsome dowry. Parliament and the British people were strongly opposed to any Catholic marriage, were demanding immediate war with Spain, and strongly favored with the Protestant cause in Europe. James had alienated both elite and popular opinion in Britain, and Parliament was cutting its financing. Historians credit James for pulling back from a major war at the last minute, and keeping Britain in peace. Frederick and Elizabeth's election as King and Queen of
Bohemia in 1619, and the conflict that resulted, marked the beginning of the disastrous
Thirty Years' War. King James' determination to avoid involvement in the continental conflict, even during the "war fever" of 1623, appears in retrospect as one of the most significant, and most positive, aspects of his reign. ==High culture==