This Spanish victory, compounded by the serious…

August 1780 CE

This Spanish victory, compounded by the serious storm losses in the Caribbean, produces a financial crisis among marine insurance underwriters throughout Europe.

Many go bankrupt, and war insurance rates, already remarkably high due to the presence of privateers, are driven to intolerable levels.

It also increases and makes increasingly public the prevailing dissatisfaction with the ministry, and with the conduct and government of the Royal Navy.

People
John Moutray View → Luis de Córdova y Córdova View → Sir Francis Geary View →

Groups
France, (Bourbon) Kingdom of View → Spain, Bourbon Kingdom of View → Britain, Kingdom of Great View → East India Company, British (United Company of Merchants of England Trading to the East Indies) View → United States of America (US, USA) (Philadelphia PA) View →

Topics
American Revolution View → American Revolutionary War, or American War of Independence View → Anglo-French War (1778–1783) View → Anglo-Spanish War View → 9 August 1780, Action of View →

Subjects
Commerce View → Watercraft View → Conflict View → Mayhem View → Government View → Finance View →

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People: Gilbert de Clare, 7th Earl of Gloucester
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