Government debt
Videos
A country's gross government debt is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occ
The sealing of the Bank of England Charter (1694)
A new way to pay the National Debt, James Gillray, 1786. King George III, with William Pitt handing him another moneybag.
National Debt Clock outside the IRS office in NYC, April 20, 2012
Government Vedder Highsmith detail 1
Philip II of Spain
Videos
Philip II, sometimes known in Spain as Philip the Prudent, was King of Spain from 1556, King of Portugal from 1580, and King of Naples and Sicily from 1554 until his death in 1598. He was also jure ux
Government debt
…per se. Historically, there have been many cases where governments have defaulted on their debts, including Spain in the 16th and 17th centuries, which nullified its government debt several times; the Confederate States of America, whose debt was not repaid after the American Civil War; and revolutionary Russia after 1917, which…
Portrait by Sofonisba Anguissola, 1565
The Baptism of Philip II in Valladolid, Castile. Historical ceiling preserved in Palacio de Pimentel (Valladolid).
Philip, in the prime of his life, by Anthonis Mor
Philip II wearing the Order of the Garter by Jooris van der Straeten, c. 1554