Metales - History Lab https://historylab.es Fri, 20 May 2022 07:53:11 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://historylab.es/wp-content/uploads/2021/06/cropped-icono-historylab-32x32.jpg Metales - History Lab https://historylab.es 32 32 Estimates of metals and coins transported by bankers in Spain between 1601 and 1675 https://historylab.es/estimates-of-metals-and-coins-transported-by-bankers-in-spain-between-1601-and-1675/?utm_source=rss&utm_medium=rss&utm_campaign=estimates-of-metals-and-coins-transported-by-bankers-in-spain-between-1601-and-1675 Sat, 19 Feb 2022 16:29:41 +0000 https://historylab.es/2022/02/19/estimacion-de-metales-y-monedas-transportadas-por-banqueros-en-espana-entre-1601-y-1675/ The resource shows the transport of metals and coins within the Iberian Peninsula. Bankers who carried out operations collected in Madrid and which were mainly oriented towards the Crown of Aragon

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]]> During the Modern Age, the availability of real physical money was of great importance for the Royal Treasury when it came to making payments without the need for another financial instrument such as bills of exchange. The transport of this money was conditioned by the strategies and organisation that the banquerons deployed when offering credits and making investments in America, Spain, Europe and Asia. The resource presented here shows the estimate of metals and coins transported by bankers in Spain between 1601 and 1675. The different coins and their quality were due to the type of currency used in each territory: while in Castile it was the real de vellón, in the Crown of Aragon, such as the cities of Barcelina, Zaragoza and Valencia, the metal used was silver and double silver. The author warns us that the documentary sources used are confined to Madrid, so the results are filtered through the filter of Madrid activity. The sample he has collected totals 8,760,000 ducats, equivalent to the annual expenditure of the Monarchy at the beginning of the 17th century. Of the total, 79% were coined silver reales, 10.8% uncoined silver, 9.4% fleece coins, and 0.8% gold coins. This reflects the large internal trade in metals that the Monarchy had on the peninsula.

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]]> Actual evolution of the recorded arrival of precious metals in Spain, 1621-1675 (ducats) https://historylab.es/actual-evolution-of-the-recorded-arrival-of-precious-metals-in-spain-1621-1675-ducats/?utm_source=rss&utm_medium=rss&utm_campaign=actual-evolution-of-the-recorded-arrival-of-precious-metals-in-spain-1621-1675-ducats Sat, 19 Feb 2022 16:29:41 +0000 https://historylab.es/2022/02/19/evolucion-real-de-la-llegada-de-metales-preciosos-a-espana-registrados-1621-1675-ducados/ Evolution of precious metals on their arrival in Spain from the Americas

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]]> The controversy surrounding the quantification of precious metals has always revolved around attempts to provide accurate figures for the stock of metals arriving in the fleets. However, the controversy is still open due to the impossibility of agreeing on the figures arrived for private individuals due to the increase in fraud during the 17th century. The interest in more rigorously specifying this type of figures is due to the fact that these funds contributed very directly to the financing of the Crown’s policy. It should be noted that, although precious metals were not the only source of credit for the monarchy, American remittances were attractive to large international bankers. These remittances have highlighted the limitations of official sources in providing real figures. However, from 1649 onwards, as a result of the decline in money arriving for the Royal Treasury, it was impossible to continue to maintain a policy of respect, and private funds definitively abandoned the fleet system. As for public funds, they increased between 1626 and 1640 until a sharp decline between 1641 and 1645, which contributed to the Treasury Council having to issue a new decree of bankruptcy in 1647, accentuating the financial crisis of the reign. From 1656-60, however, the Royal Treasury’s revenues became more stable. The decline in the arrival of public funds was much milder than has traditionally been noted, allowing us to understand the role of American remittances in the financial system of the Hispanic Monarchy. The Crown continued to have very large amounts of precious metals during the 17th century, comparable to those of the 16th century, but instead of using them in Spain, it did so beforehand or, instead of being recorded as such in the fleets, they were hidden under another name. Whatever the case, the money belonged to the Royal Treasury and was used for its benefit. In order to know the funds of the Monarchy in the 17th century, we started by knowing the funds recorded in the formations, the disposition made in America, the money obtained as a result of exchanges of silver for fleece, the pardons, the condemnations, the private seizures and the contributions of the Consulate.

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