Subsidio - History Lab https://historylab.es Fri, 20 May 2022 07:56:12 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://historylab.es/wp-content/uploads/2021/06/cropped-icono-historylab-32x32.jpg Subsidio - History Lab https://historylab.es 32 32 Payment of loans by Charles V in the mid-16th century https://historylab.es/payment-of-loans-by-charles-v-in-the-mid-16th-century/?utm_source=rss&utm_medium=rss&utm_campaign=payment-of-loans-by-charles-v-in-the-mid-16th-century Sat, 19 Feb 2022 16:29:56 +0000 https://historylab.es/2022/02/19/pago-de-los-prestamos-por-parte-de-carlos-v-a-mediados-del-siglo-xvi/ Bar chart showing the evolution of loan payments by Charles V between 1540 and 1554 to German, Genoese, Castilian and Flemish lenders

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]]> Carlos V’s monetary management was characterised to a large extent by regular recourse to loans from Genoese, German, Castilian and Flemish bankers. Some of these loans were repaid on a regular basis, some were repaid with ecclesiastical revenues, and a third led to delays and non-payments by the Spanish Royal Treasury.
Contributions from ecclesiastical institutions were a very important figure in legitimising a relatively secure guarantee of repayment between them and the king vis-à-vis the bankers. In contrast to the secondary role played by Castilian lenders, ecclesiastical contributions – mainly through the Crusade – did stand out as a key tool for the crown.
It can be seen how in the period between 1547 and 1550 the figures for loan payments fall, largely because they were not so necessary at this peaceful time, rising again between 1551 and 1554, showing the preeminence of Genoese bankers when it came to financing the Spanish monarchy. It should be borne in mind, however, that despite being very clear and definitive data, these may suffer some variation in the royal sphere because some entries showed that the monarch used the bankers as intermediaries to transfer money between his kingdoms, thus increasing the share of these entities.

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]]> Ecclesiastical contribution to the royal treasury (1519-1555) https://historylab.es/ecclesiastical-contribution-to-the-royal-treasury-1519-1555/?utm_source=rss&utm_medium=rss&utm_campaign=ecclesiastical-contribution-to-the-royal-treasury-1519-1555 Sat, 19 Feb 2022 16:29:31 +0000 https://historylab.es/2022/02/19/contribucion-eclesiastica-a-la-hacienda-real-1519-1555/ The table shows the papal concession demanded by the Crown, the results of the negotiation and the final revenue of the royal treasury.

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]]> From the mid-16th century onwards, the clergy lost one of their most precious privileges: exemption from paying taxes to the royal treasury. Payments had to be made through the Subsidio and the Excusado, which soon led to protests about having to contribute to both taxes, and so an agreement was reached to unify both payments by means of an approximation, which in the long term would benefit the Church.
The clergy tried to assert their rights through the General Congregations, who, using their moral authority, wanted to maintain the tax exemption, but it was not enough.
The clergy’s main hostility was because they saw that these extraordinary payments would become permanent, which led to a tug of war between the two sides in search of a negotiated understanding, reflected in the 16th century through the appeal. Thus, for each concession, a negotiated amount was promoted to the royal treasury, which usually accepted after a period of dispute.

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