Financial crisis in Spain worsens

Historical Context Note

Litencyc Editors (Independent Scholar - Europe)

The Literary Encyclopedia. Volume 1.6.2.01: Spanish Literature and Culture from the Beginning to the Golden Age.
Vol. editors: Andrew M. Beresford (University of Durham), Stuart Green (University of Leeds), Juan Pablo Rodriguez (Yale University), Duncan Wheeler (University of Leeds)

Domains

Economic Crises
Finance

Dates

Date of occurrence 1575

Places

Spain (Location)

Resources

Save to Bookshelf

For Spain, the cost of holding the Netherlands in defiance of the rebels, and the loss of income that usually came from trading there, was leading to financial crisis. In September, Philip II was forced to suspend all payments, and the following year he declared bankruptcy.

Please log in to consult the article in its entirety. If you are a member (student of staff) of a subscribing institution (see List), you should be able to access the LE on campus directly (without the need to log in), and off-campus either via the institutional log in we offer, or via your institution's remote access facilities, or by creating a personal user account with your institutional email address. If you are not a member of a subscribing institution, you will need to purchase a personal subscription. For more information on how to subscribe as an individual user, please see under Individual Subcriptions.

46 words

Citation: Editors, Litencyc. "Financial crisis in Spain worsens". The Literary Encyclopedia. First published 01 February 2011 [https://www.litencyc.com/php/stopics.php?rec=true&UID=15196, accessed 06 May 2024.]

Save this article