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Free Money for War? Wartime Subsidies and the 18th-Century Habsburg Monarchy
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Subsidies represented an important aspect of 18th-century diplomatic and financial history. The Habsburg Monarchy fought many extended wars during this period in which it received subsidies from its allies, first Britain, and later France. This paper examines the circumstances and amounts of these payments, the methods of transferring value to Austria and also the significance of the money to Habsburg finances. The organisation of subsidies furthermore sheds light on the network of banks and European financial market in the 18th century.
Title: Free Money for War? Wartime Subsidies and the 18th-Century Habsburg Monarchy
Description:
Subsidies represented an important aspect of 18th-century diplomatic and financial history.
The Habsburg Monarchy fought many extended wars during this period in which it received subsidies from its allies, first Britain, and later France.
This paper examines the circumstances and amounts of these payments, the methods of transferring value to Austria and also the significance of the money to Habsburg finances.
The organisation of subsidies furthermore sheds light on the network of banks and European financial market in the 18th century.
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