The historians' history of the world in twenty-five volumes, volume 10 : $b Spain and Portugal
History
The historians' history of the world in twenty-five volumes, volume 10 : $b Spain and Portugal
World history
The magnitude of the evil was such as to claim the earliest attention
of the cortes under the new monarchs. Acts were passed, fixing the
standard and legal value of the different denominations of coin. A new
coinage was subsequently made. Five royal mints were alone authorised,
afterwards augmented to seven, and severe penalties denounced against
the fabrication of money elsewhere. The reform of the currency gradually
infused new life into commerce, as the return of the circulations, which
have been interrupted for a while, quickens the animal body. This was
furthered by salutary laws for the encouragement of domestic industry.
Internal communication was facilitated by the construction of roads and
bridges. Absurd restrictions on change of residence, as well as the
onerous duties which had been imposed on commercial intercourse between
Castile and Aragon, were repealed. Public credit was re-established by
the punctuality with which the government redeemed the debt contracted
during the Portuguese war; and notwithstanding the repeal of various
arbitrary imposts which enriched the exchequer under Henry IV, such was
the advance of the country, under the wise economy of the present reign,
that the revenue was augmented nearly sixfold between the years 1477 and
1482.
Thus released from the heavy burdens imposed on it, the spring of
enterprise recovered its former elasticity. The productive capital of
the country was made to flow through the various channels of domestic
industry. The hills and the valleys again rejoiced in the labour of
the husbandman; and the cities were embellished with stately edifices,
both public and private, which attracted the gaze and commendation of
foreigners. The writers of that day are unbounded in their plaudits of
Isabella, to whom they principally ascribe this auspicious revolution in
the condition of the country and its inhabitants, which seems almost as
magical as one of those transformations in romance wrought by the hands
of some benevolent fairy.
_The Pre-eminence of the Royal Authority_
This, which, we have seen, appears to have been the natural result of
the policy of Ferdinand and Isabella, was derived quite as much from the
influence of their private characters as from their public measures.
Under such a sovereign, the court, which had been little better than
a brothel under the preceding reign, became the nursery of virtue and
generous ambition.
Public-domain text, read in full here on John Shaqi.
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