Thursday, March 19, 2026

The Economics of War

 


Spain’s empire depended on silver. England’s survival depended on commerce.

War threatened both.

The Armada campaign strained treasuries and supply lines already stretched thin.

Military ambition without economic resilience falters.

Several recent historical works explore this financial tension as central rather than incidenta


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The Candle and the Map

  Before fleets moved, someone stood over a map by candlelight. Lines were traced. Distances estimated. Harbors imagined. Currents assumed....