77. War of Spanish Succession Part 4; Gibraltar, North America and Peace

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We cover the campaign to take Gibraltar and hold it 1704-5, including the great sea battle of Malaga. 

We cover the war in North America, the breaking of Spanish power and the confused picture in Nova Scotia, where after the peace none of the participants understand the consequences of the peace the same way.   And the introduction of paper money as legal tender in the colonies as an accidental innovation to cope with the wars.

We cover the peace and its a few of its consequences.  There will be many episodes on the consequences of this peace to come.   One is making London the center of European finance.

With Camie we cover the global aspect of the war,  review the scale of naval warfare, the horrid conditions of the siege of Gibraltar, paper currency, the leading impact of capital markets on economic growth from Richard Sylla, and the ending of the slave trade.