The Portuguese Diamond Loan

Marten Gerbertus Buist
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Marten Gerbertus Buist: Rijksuniversiteit te Groningen

Chapter Chapter Fourteen in At Spes non Fracta, 1974, pp 383-427 from Springer

Abstract: Abstract The powerful military expansion which took place in France following the outbreak of the Revolution in 1789 had disastrous consequences for Portugal. As members of the first coalition of the European powers against France during the wars of the French Revolution, Portugal and Spain had become involved in the campaign of 1793; but Portugal had been unable to follow Spain’s example in suing for peace two years later. To have done so would inevitably have meant a break with England, and this was something no Portuguese government could afford. Since the beginning of the eighteenth century the country had been largely dependent upon England in the economic sphere, and the French Revolutionary Wars had increased that dependence. If the English navy, with its supremacy, were to cut off Portugal’s vital imports from the colonies or, worse still, occupy her overseas territories, she would be helpless.

Keywords: British Government; French Government; Foreign Loan; Conciliatory Disposition; Prince Regent (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-94-011-8858-6_14

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DOI: 10.1007/978-94-011-8858-6_14

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