Finance under Charles V

As king of Spain Charles has received most criticism from historians for the pecuniary management of his Spanish inheritance. To what extent is this criticism deserved? yield was Charles greatest problem as the ruler of non right Spain hardly also the German states, much of Italy and Flanders, including its lucrative cloth market. In theory each state would provide copious m 1y to serve its own interests and each country would non be to a fault financing another. Charles, however, used money from whatever region that was willing to give it to him to finance any of his numerous wars. The Low countries and Italy ab initio financed his active foreign policy but following the 1539 insubordination of Ghent Charles turned to Spain as his main source of tax income His reliance upon the tax from the Castilian Cortes and loans using Spain as collateral to impart for wars that werent strictly in Spains interest virtually ran the country into bankruptcy. Charles was using extraordinary sources of Spanish revenue to go along his control of Europe. Such sources of revenue could not be go on in the long run and it is no surprise that by 1558 Philip II had declared bankruptcy. The powerful Spanish church returns contributed much to Charles V treasury. Extremely wealthy it gave an prescribed and pass judgment but not compulsory source of revenue.

From the 1530s frontward Charles became more and more dependent on it, not least to subsidize his losses through the new taxation system of the alcabela called the encabezamiento. The Churchs largest contribution was 25% of all tith es towards the baksheesh in the carcass of! the tercias reales. An irregular Church organized subsido was organised granting one meg ducats during all of Charles reign, this was for times of real emergency and contributed puny to Spains overall revenue. The cruzada, a tax that granted bulls of foolery in return for money, paid 150 000 ducats on average towards the crown each year. These achievements show a real exercise of the papacy;...If you want to get a full essay, send it on our website: OrderCustomPaper.com

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