The Royal Treasure of Castile and the financial revolution of the genoveses (1560-1575)

Abstract

Synthesis: in the “century of the genoeses”, period secular understood between 1527 and 1628 in wich these businessmen dominated the royall finances of Castile, there was a stage of singular transcendency. Among 1560, after. the ordinance of Toledo, and 1575, before the declaration of a new “bankruptcy”, the merchant-bankers genoveses played a process of escalation of the activities and technical financial and, through the juros, asientos and the changes, they reached a complete domain of the debt and of the explotiation of the rents of the royal Treasury of Castile. Given this situation the critics grew gradually, creating to climate of ill will toward the genoeses that must be one of the factors of the new “bankruptcy” of 1575.