Why Every Great Empire Eventually Falls — Fexingo History
This episode explores how the vast influx of silver from the Americas, rather than enriching Spain, ultimately triggered its decline. Lucas and Luna dive into the paradox of the 'Price Revolution' — why the treasure fleets caused crippling inflation, deindustrialization, and dependency on foreign goods. They trace the path of silver from Potosí to Seville, examine King Philip II's costly wars funded by loans from Genoese bankers, and discuss the concept of 'Dutch Disease' in a historical context. Key figures include Philip II, the Fugger family, and the Duque de Lerma. The episode also touches on the export of silver to Ming China, linking Spain's fate to global trade networks. A cautionary tale about resource wealth, debt, and imperial overreach. #SpanishEmpire #SilverTrade #PriceRevolution #PhilipII #Potosi #GenoeseBankers #Fugger #DutchDisease #MingChina #Inflation #Debt #ImperialDecline #History #FexingoHistory #WorldHistory #EconomicHistory #TreasureFleet #HabsburgSpain Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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