 The Habsburg Fiscal and Financial InheritanceRafael Torres Sánchez
Chapter 2 in Constructing a Fiscal-Military State in Eighteenth-Century Spain, 2015, pp 10-30 from Palgrave Macmillan Abstract: Abstract When the new Bourbon king Philip V came to Spain in 1700 he inherited a declining empire from the previous Habsburg monarch Charles II (1665–1700). It had been run ragged by nearly 200 years of continual struggles across the globe and also many internal territorial problems. Its finances and resources were by now entirely unable to maintain any substantial war effort, and the international supremacy of Spain’s imperial forces had hence been slipping away. By the middle of the seventeenth century this financial and military decadence had become irreversible. Nonetheless this unquestionable decadence did not spell the collapse of either the monarchy or the empire. The unity and variety of territories making up the Spanish monarchy were maintained and Philip V finally inherited an empire — and therewith some subjects and finances — upon which the sun still never set. Keywords: Monetary Policy; Eighteenth Century; Seventeenth Century; Taxation System; Public Debt (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-1-137-47866-5_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Studies in the History of Finance from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.