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Description - Bankruptcy of Empire by Carlos Marichal

This book incorporates the rich literature on the history of the fiscal organization and financial dynamics of the Spanish empire within the broader historical debates on rival European imperial states from 1760 to 1810. The focus is on colonial Mexico because it served as a fiscal and financial submetropolis that ensured the capacity of the imperial state to defend itself in a time of successive international conflicts. Throughout the reign Charles IV, the finances of the Spanish state began to sink. This collapse was caused by the enormous expense of waging successive wars in the Americas and Europe. In each war, colonial Mexico was a most important source of resources for the Crown, but these demands gradually outstripped the tax base of the viceroyalty despite the extraordinary silver boom of the late eighteenth century. The bankruptcy of the Spanish monarchy and its empire was the inevitable consequence.

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Book Details

ISBN: 9780521879644
ISBN-10: 0521879647
Format: Hardback
(228mm x 152mm x 22mm)
Pages: 338
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 19-Nov-2007
Country of Publication: United Kingdom

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Author Biography - Carlos Marichal

Carlos Marichal was born in Baltimore, Maryland, and has dual nationality of both American and Mexican. He earned both his BA and PhD from Harvard and has taught history at the university level in Mexico since 1979. Since 1989, he has been a professor of history at El Colegio de Mexico, the leading social science university institute in Mexico. He is the founder and former president of the Mexican Association of Economic History and has served on the executive committee of the International Economic History Association since 2003. He is the author of A History of Debt Crises in Latin America, 1820-1930 (1989) and is the editor or coeditor of fifteen books in Spanish and English published over the last twenty years, the majority on the fiscal and financial history of Mexico, as well as numerous texts on the economic history of Latin America.