By Dr Carlos Marichal
This publication emphasizes that the Spanish empire remained the 3rd most vital ecu kingdom when it comes to monetary source of revenue and naval energy, and primary in dimension of territorial empire, rather due to its colonies in Spanish the US. The Spanish crown used to be curious about 4 wars with nice Britain and wars with France through the many years 1760-1810. Colonial Mexico financed almost all these wars by way of remitting silver within the kind of taxes and loans. The expenses of the imperial wars have been so nice that they ultimately triggered the financial disaster of either the Spanish American colonies and of the monarchy itself.
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Extra info for Bankruptcy of Empire: Mexican Silver and the Wars Between Spain, Britain and France, 1760-1810
In the section that follows, particular attention will be focused on the contributions of the richest tax colony – the viceroyalty of New Spain – to the defense of the Spanish empire. The Fiscal Logic of Imperial Expenditures The fiscal and military system of the Spanish empire in the Americas was older, quite different, and more complex than that of its imperial rivals. This vast imperial organization had its fulcrum in Spain, yet it spanned a great part of the western hemisphere as well as the Philippines and was based to a large degree on a complex network of tax transfers between the different treasuries of the different viceroyalties and captaincy generals.
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. 37 However, when a local treasury district produced a fiscal surplus, part of this money would be transferred to another tax district which had a deficit or, alternatively, to one of the principal treasuries of the respective viceroyalty. These remittances, nonetheless, were not necessarily limited to the viceroyalty itself; they frequently were also shipped abroad to different points of the empire, as we will see.
Guerzas militares en Iberoam´erica, siglos xviii y xix (Mexico: El Colegio de Mexico, 2005). 17 Perhaps the most perceptive analysis of the traditionally defensive strategy of the French and Spanish naval forces as opposed to the more aggressive British imperial navy is that by John Robert McNeil, Atlantic Empires of France and Spain, Louisbourg and Havana, 1700–1763 (Chapel Hill: University of North Carolina Press, 1985), pp. 75–78. 18 See the classic study: Francis Paul Renault, Le pacte de famille et l’Am´erique: la politique coloniale franco-espagnole, de 1760 a` 1792 (Paris: Leroux, 1922).
Bankruptcy of Empire: Mexican Silver and the Wars Between Spain, Britain and France, 1760-1810 by Dr Carlos Marichal