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Bankruptcy of Empire - 9780521142359

Un libro in lingua di Carlos Marichal edito da Cambridge Univ Pr, 2010

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Originally published in 2007, this book incorporates the rich literature on the history of the fiscal organization and financial dynamics of the Spanish empire within the broader historical debates on rival European imperial states in the eighteenth and early nineteenth centuries. The focus is on colonial Mexico because it served as a fiscal and financial submetropolis that ensured the capacity of the imperial state to defend itself in a time of successive international conflicts

Whereas the monarchy of Charles III (1759-1788) was able to successfully meet the challenges of reinforcement of empire, the finances of the Spanish state began to sink under Charles IV (1789-1808). This collapse was caused by the enormous expense of waging successive wars in the Americas and Europe. In each war, colonial Mexico was a most important source of resources for the Crown, but these demands gradually outstripped the tax base of the viceroyalty despite the extraordinary silver boom of the late eighteenth century. The bankruptcy of the Spanish monarchy and its empire was the inevitable consequence.

Cover Illustration: Drawn by Aracedli Serrano, based on Carlos Marichal and Matilde Souto, "Silver and Situados: New Spain and the Financing of the Spanish Empire in the Caribbean in the Eighteenth Century," Hispanic American Historical Review, 74, 4 (1994), 587-613.

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