Download Bankruptcy of Empire: Mexican Silver and the Wars Between by Dr Carlos Marichal PDF

By Dr Carlos Marichal

ISBN-10: 0521879647

ISBN-13: 9780521879644

This e-book emphasizes that the Spanish empire remained the 3rd most crucial ecu nation when it comes to monetary source of revenue and naval energy, and primary in measurement of territorial empire, fairly due to its colonies in Spanish the United States. The Spanish crown used to be interested in 4 wars with nice Britain and wars with France through the a long time 1760-1810. Colonial Mexico financed every one of these wars by way of remitting silver within the type of taxes and loans. The expenses of the imperial wars have been so nice that they ultimately prompted the financial ruin of either the Spanish American colonies and of the monarchy itself.

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Additional info for Bankruptcy of Empire: Mexican Silver and the Wars Between Spain, Britain and France, 1760-1810

Example text

A review of the long-term trends in the export of tax monies from Mexico, however, indicates that in toto more funds were actually shipped to other colonies than to Spain itself, between 1720 and 1800. This phenomenon is relatively little-known and rarely appears in the traditional historiography but its analysis helps explain why we argue that New Spain operated as a fiscal submetropolis during the Bourbon era. The Richest Colony: Mexico as Submetropolis It may be presumed that, as historians continue to work on the extensive statistical series of Spanish royal finance in the eighteenth century, a full description of the fiscal and financial geography and dynamics of the empire will eventually emerge.

3. Silver Coin Mintage and Remittances by the Royal Treasuries of New Spain. net/∼richardgarner04/ and C. Marichal and M. Souto, Silver and Situados: New Spain and the Finances of the Spanish Empire in the Carribbean in the Eighteenth Century, Hispanic American Historical Review, 74, 4 (1994). ) Despite the close correlations, it would be a mistake to think that remittances were simply derived from the mines, for as we will have occasion to see in Chapter 2, the tax system of the colonial regime in the late Bourbon period was quite broadly based, and only one-quarter of the monies collected by the royal administration came from mining taxes.

Soldados del Rey. El ej´ercito borb´onico en Am´erica colonial en v´ısperas de la Independencia (Castellon: Universitat Jaume I, Colecci´on Am´erica, 2005). P1: JZP 9780521879644c01 CUNY1040/Marichal 30 0 521 87964 7 August 23, 2007 13:51 Bankruptcy of Empire In any case, it is clear that the dynamics and logic of expenditure of funds in Spanish America were based on a secular three-tiered system of management of imperial finance. This system can be defined in terms of the operation of basic principles that explain the disbursement of public monies as well as the logic of expenditures of the multiple treasuries of the empire.

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Bankruptcy of Empire: Mexican Silver and the Wars Between Spain, Britain and France, 1760-1810 by Dr Carlos Marichal


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