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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