Hearth tax and became widespread in the 14th century when the royal finances were unable to bear the rising costs of war and state agents. In particular, "fouages" were levied in 1342 and 1349. The "hearth-penny" was an Anglo-Saxon term for "Peter's pence". In England, hearth tax, also known as hearth money, chimney tax, or chimney money, was a tax imposed by Parliament in 1662, to support the Royal Household of King Charles II. Following the Restoration of the monarchy in 1660, Parliament calculated that the Royal Household needed an annual income of £1,200,000. The hearth tax was a supplemental tax to
17th century period also that European colonization of the Americas began in earnest, including the exploitation of the silver deposits, which resulted in bouts of inflation as wealth was drawn into Europe. In the Islamic world, the Ottoman, Safavid Persian and Mughal empires grew in strength. In India The Marathas dominated the political scene from the middle of the 17th century to the early 19th century as the Maratha Empire founded by Chatrapati Shivajiraje Bhosale. In Japan, Tokugawa Ieyasu established the Tokugawa shogunate at the beginning of the century, beginning the Edo period; the isolationist Sakoku policy began in the 1630s and