Abstract
ABSTRACT Based on archival research, this study presents a hypothesis that significantly changes the interpretation of the causes of the economic and political conflict in Bohemia in 1618. The results demonstrate that the deciding impulse was the uncontrollable indebtedness of the monarchy which resulted in a sovereign default (1615). The Bohemian Diet refused to guarantee the government bonds which resulted in their loss of value. Between 1615 and 1618, along with the fight for preservation of religious freedom, a strenuous fight for fiscal reform and control of economic resources was in motion. The creditors – European politicians, bankers and generals – wanted the monarch to take over Bohemia with force in order to be able to pay off the outstanding debts. The data regarding the monarchical credit crisis in Bohemia between 1615 and 1618 have not been analysed scientifically up to this point. In this study, the author presents the main documentary sources available on this issue to encourage further research and highlight the value of interdisciplinary dialogue.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.