China and the Spanish Empire

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Show simple item record Flynn, Dennis O. Giráldez, Arturo 2021-01-19T08:07:52Z 2021-01-19T08:07:52Z 2020
dc.identifier.bibliographicCitation Revista de Historia Económica / Journal of Iberian and Latin American Economic History (Second Series) / Virtual Special Issue / 2020, 31 p.
dc.identifier.issn 0212-6109
dc.identifier.issn 2041-3335 (online)
dc.description.abstract In this article we argue that Ming China had a fundamental impact on the rise and decline of the Spanish Empire. China's demand for silver was of such magnitude that private mining profits in the Spanish Empire remained high until about 1640. The decline of these profits led to abandon production. Spain faced a deepening financial crisis due to the fall of silver's value. The loss of purchasing power from the Crown's American enterprise was inevitable and the state's relentless pressure for increased taxation within Castile and elsewhere was mandatory in order to compensate for lost external purchasing power.
dc.description.abstract En este artículo argumentamos que Ming China desempeñó un papel fundamental en el auge y decadencia del Imperio español. La demanda china de plata permitió elevados beneficios hasta 1640. El descenso de estos beneficios llevó a la reducción de la producción y la Monarquía se enfrentó a una grave crisis financiera. La consecuencia fue una presión fiscal creciente con objeto de compensar la pérdida de los ingresos externos procedentes de América.
dc.format.extent 31
dc.language.iso eng
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights © Instituto Figuerola, Universidad Carlos III de Madrid, 2020
dc.subject.other China dinastía Ming
dc.subject.other Plata
dc.subject.other Imperio Español
dc.subject.other Ming China
dc.subject.other Silver
dc.subject.other Spanish Empire
dc.title China and the Spanish Empire
dc.type article
dc.subject.jel N20
dc.subject.jel B41
dc.subject.jel F54
dc.subject.eciencia Economía
dc.subject.eciencia Historia
dc.rights.accessRights openAccess
dc.type.version publishedVersion
dc.identifier.publicationtitle Revista de Historia Económica / Journal of Iberian and Latin American Economic History
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