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1B Spain in the Age of Discovery, 1469–1598

Philip II, the Papacy and Royal Finances

  • 3 things to know
  • Component 1

Overview

Recall questions on Philip II's quarrel with Paul IV and the Tridentine reforms, Castile's tax burden, the four bankruptcies, juros and asientos, the alcabala and millones, American silver, and why domestic manufacturing failed to develop.

What you need to know

Answer each one before you reveal it.

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Key term

Which kingdom bore the greatest tax burden under Philip II's economic system?

Key term

What was the quinto real?

Key term

What markets did the colonial empire create for Spanish goods?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What characterised Philip II's relations with the Papacy?

    Model answer

    They combined shared commitment to Catholic reform with conflicts over jurisdictional authority and papal interference in Spanish affairs.

  2. 2

    Over what issues did Philip II clash with Pope Paul IV?

    Model answer

    They clashed over Italian territories and papal attempts to assert authority over Spanish ecclesiastical appointments.

  3. 3

    What Tridentine reforms did Philip II support implementing in Spain?

    Model answer

    He promoted clerical education, episcopal residence requirements, and standardised liturgy in accordance with the Council of Trent's decrees.

  4. 4

    Which kingdom bore the greatest tax burden under Philip II's economic system?

    Model answer

    Castile bore the greatest tax burden, while Aragon, Catalonia, and other kingdoms contributed proportionally less.

  5. 5

    What was the fundamental characteristic of royal finances under Philip II?

    Model answer

    Chronic deficit, with expenditure on warfare consistently exceeding revenues despite massive colonial income.

  6. 6

    In what year did Philip II first declare state bankruptcy?

    Model answer

    1557.

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