Maximilian was often disturbed by his financial situation

One of the interesting facts about Maximilian I is that Maximilian was often disturbed by his financial situation. Maximilian's ambitious plans were often impeded by money problems. Huge resources were consumed by several battles, the upkeep of a gorgeous court, and the finance of his ambitious goal of political expansion. He was frequently on the point of financial collapse despite the massive income from the Tyrolean silver mines. He occasionally found himself in unpleasant circumstances as a result of this, such as when he was forced to depart Innsbruck and left his second wife Bianca Maria Sforza and her entourage as security for his creditors. Maximilian bequeathed his heirs a mound of debt that future Habsburg generations would find difficult to repay.


The House of Habsburg grew reliant on its bankers for its financial support. The amount of debt owed by the Habsburgs towards the conclusion of Maximilian's reign ranged from six million to six and a half million gulden, depending on the source. The outstanding debt was predicted to be worth 400,000 guldens by 1531. (about 282,669 Spanish ducats). He had spent about 25 million guldens over his whole reign, a large portion of which came from his most devoted people, the Tyrolers. The most that can be said about his financial methods, according to historian Thomas Brady, is that he borrowed fairly from both rich and poor people and defaulted on his debts in an equally fair manner. Comparatively, Charles V left Philip a debt of 36 million ducats when he abdicated in 1556 (equal to the income from Spanish America for his entire reign).

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