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5. FELIPE II, image, image, NAIA PEREZ ARETXABALA, image, image, image,…
5. FELIPE II
A Global Empire
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In 1580
King of Portugal died, so Felipe II inherited this kingdom, together with the Portuguese territories in the Americas, Africa and Asia
Domestic Problems
All the kingdoms on the Peninsula were ruled by the same sovereign, although they maintained their own institutions and specific laws
Carlos V had left the Crown in financial ruin. Its outgoings were higher than the income it received and Felipe II had to declare the Crown bankrupt.
Discovery of new silver and gold mines in the Americas and the increase in taxes enabled him to continue funding the military.
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