1650 Jan 1
Spanish Bankruptcies
NetherlandsThe Genoese banker Ambrogio Spinola, Marquess of Los Balbases, for instance, raised and led an army that fought in the Eighty Years' War in the Netherlands in the early 17th century. The decline of Spain in the 17th century brought also the renewed decline of Genoa, and the Spanish crown's frequent bankruptcies, in particular, ruined many of Genoa's merchant houses. In 1684 the city was heavily bombarded by a French fleet as punishment for its alliance with Spain.
▲
●
Last Updated: Mon Oct 31 2022
