Once Europe's supreme maritime power, Spain by the
mid-eighteenth century was facing fierce competition from England
and France. England, in particular, had successfully mustered the
financial resources necessary to confront its Atlantic rivals by
mobilizing both aristocracy and merchant bourgeoisie in support of
its imperial ambitions. Spain, meanwhile, remained overly dependent
on the profits of its New World silver mines to finance both
metropolitan and colonial imperatives, and England's naval
superiority constantly threatened the vital flow of specie.
When Charles III ascended the Spanish throne in 1759, then,
after a quarter-century as ruler of the Kingdom of the Two
Sicilies, Spain and its colonial empire were seriously imperiled.
Two hundred years of Hapsburg rule, followed by a half-century of
ineffectual Bourbon "reforms," had done little to modernize Spain's
increasingly antiquated political, social, economic, and
intellectual institutions. Charles III, recognizing the pressing
need to renovate these institutions, set his Italian staff--notably
the Marques de Esquilache, who became Secretary of the Consejo de
Hacienda (the Exchequer)--to this formidable task.
In "Apogee of Empire," Stanley J. Stein and Barbara H. Stein
trace the attempt, initially under Esquilache's direction, to
reform the Spanish establishment and, later, to modify and
modernize the relationship between the metropole and its colonies.
Within Spain, Charles and his architects of reform had to be
mindful of determining what adjustments could be made that would
help Spain confront its enemies without also radically altering the
Hapsburg inheritance. As described in impressive detail by the
authors, the bitter, seven-year conflict that ensued between
reformers and traditionalists ended in a coup in 1766 that forced
Charles to send Esquilache back to Italy. After this setback at
home, Charles still hoped to effect constructive change in Spain's
imperial system, primarily through the incremental implementation
of a policy of "comercio libre" (free-trade). These reforms, made
half-heartedly at best, failed as well, and by 1789 Spain would
find itself ill prepared for the coming decades of upheaval in
Europe and America.
An in-depth study of incremental response by an old imperial
order to challenges at home and abroad, "Apogee of Empire" is also
a sweeping account of the personalities, places, and policies that
helped to shape the modern Atlantic world.
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