Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247060 
Year of Publication: 
2018
Series/Report no.: 
EHES Working Papers in Economic History No. 130
Publisher: 
European Historical Economics Society (EHES), s.l.
Abstract: 
The Napoleonic Wars had dramatic consequences for Spain's economy. The Peninsular War had higher demographic impact than any other military conflict, including civil wars, in the modern era. Farmers suffered confiscation of their crops and destruction of their main capital asset, livestock. The shrinking demand, the disruption of international and domestic trade, and the shortage of inputs hampered industry and services. The loss of the American colonies, a by-product of the French invasion, seriously harmed absolutism. In the long run, however, the Napoleonic Wars triggered the dismantling of Ancien Régime institutions and interest groups. Freed from their constraints, the country started a long and painful transition towards the liberal society. The Napoleonic Wars may be deemed, then, a watershed in Spanish history.
Subjects: 
Napoleonic Wars
Peninsular War
Spain
Institutional Change
Growth
JEL: 
E02
F54
N13
N43
Document Type: 
Working Paper

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