Finance under Charles V

As king of Spain Charles has received most criticism from historians for the fiscal management of his Spanish inheritance. To what extent is this criticism deserved? throw was Charles greatest problem as the ruler of non right Spain entirely 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 excessively financing another. Charles, however, used money from whatever region that was automatic 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 tumult of Ghent Charles turned to Spain as his main source of gross His reliance upon the tax from the Castilian Cortes and loans using Spain as collateral to lucre for wars that werent strictly in Spains interest well-nigh ran the country into bankruptcy. Charles was using extraordinary sources of Spanish revenue to economise his control of Europe. Such sources of revenue could not be continue in the long run and it is no surprise that by 1558 Philip II had declared bankruptcy. The powerful Spanish church table service contributed much to Charles V treasury. Extremely wealthy it gave an prescribed and expect but not compulsory source of revenue. From the 1530s frontward Charles became increasingly dependent on it, not least to subsidize his losings through the new taxation system of the alcabela called the encabezamiento. The Churchs largest contribution was 25% of all tithes towards the efflorescence in the act upon of the tercias reales. An irregular Church organized subsido was organised granting one billion 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 ea ch year. These achievements show a real exe! rcise of the pontificate;...If you want to get a full essay, send it on our website: OrderCustomPaper.com

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