Event
Castile's payment stops
Three times, in 1557-60, 1575-77 and 1596-97, Philip II halted payments on his contracts with bankers.
- Dates
- 1557–1597
- Span 1557–1597
- interventions Philip II of Spain (halted payments on the bankers' contracts three times) 1557–1597
According to Carlos Álvarez-Nogal
- involved Crown of Castile
- appears in Philip II against the Cortes and the credit freeze of 1575-1577
According to Christophe Chamley
- involved Crown of Castile
- appears in Philip II against the Cortes and the credit freeze of 1575-1577
Three times, in 1557-60, 1575-77 and 1596-97, Philip II halted payments on his contracts with bankers.
Connections 4
interventions
- Philip II of Spain 1557–1597 halted payments on the bankers' contracts three times Scholarship & press 1
involved
- Philip II of Spain Scholarship & press 1
- Crown of Castile According to Carlos Álvarez-NogalAccording to Christophe Chamley Scholarship & press 1
appears in
Timeline 2 dates
- 1557–1597 Castile's payment stops
- 1557–1597 Philip II of Spain intervened in Castile's payment stops
Proof 1 source
-
Carlos Álvarez-Nogal and Christophe Chamley, Philip II against the Cortes and the credit freeze of 1575-1577 (working paper, 29 May 2015), Boston University (author's web page), 29 May 2015.
Scholarship & press
each of the three payments stops on asientos by Philip II (1557-60, 1575-7, 1596-7) occurred when the level of ordinary revenues had become insufficient for the funding of more juros
Contrary to the traditional view, Philip II did not take this action against the bankers but against the main cities of Castile that were represented in the Cortes.
The evidence strikingly confirms that the strategy of Philip II was not directed against the bankers but against the cities that were represented in the Cortes.
Page history 1 change
- Add 55 stories, each checked against its sources96e92fe6
Something wrong or missing? Tell us, with a source, or edit this page.