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The Portuguese Diamond Loan

In: At Spes non Fracta

Author

Listed:
  • Marten Gerbertus Buist

    (Rijksuniversiteit te Groningen)

Abstract

The powerful military expansion which took place in France following the outbreak of the Revolution in 1789 had disastrous consequences for Portugal. As members of the first coalition of the European powers against France during the wars of the French Revolution, Portugal and Spain had become involved in the campaign of 1793; but Portugal had been unable to follow Spain’s example in suing for peace two years later. To have done so would inevitably have meant a break with England, and this was something no Portuguese government could afford. Since the beginning of the eighteenth century the country had been largely dependent upon England in the economic sphere, and the French Revolutionary Wars had increased that dependence. If the English navy, with its supremacy, were to cut off Portugal’s vital imports from the colonies or, worse still, occupy her overseas territories, she would be helpless.

Suggested Citation

  • Marten Gerbertus Buist, 1974. "The Portuguese Diamond Loan," Springer Books, in: At Spes non Fracta, chapter 0, pages 383-427, Springer.
    • Handle: RePEc:spr:sprchp:978-94-011-8858-6_14
    DOI: 10.1007/978-94-011-8858-6_14
    as

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