Bidspirit auction | [D. JOSÉ I]. FALÊNCIAS, CRÉDITO

[D. JOSÉ I]. FALÊNCIAS, CRÉDITO E DEPÓSITO PÚBLICO — Regulação Financeira do Comércio. c. 1757–1759. - [D. JOSÉ I] FALÊNCIAS, CRÉDITO E DEPÓSITO PÚBLICO — Regulação Financeira do Comércio . c. 1757–1759. 5 diplomas régios: 5 Alvarás com força de Lei. A set of five decrees on the financial regulation of commerce: the regime of interest rates and risky operations, the Public Deposit of the Court, and the discipline of bankruptcies of businessmen. The commercial and financial crisis caused by the 1755 earthquake demanded an intense legislative response, which simultaneously sought to stabilize credit (by limiting interest rates), protect creditors (through the Public Deposit), and punish fraudulent bankruptcies (by allowing the investigation of merchants who concealed assets). This set of decrees constitutes the core of Pombaline emergency commercial legislation. c. 1757 (D. José I) — Declares and expands the Royal Decrees of May 21, 1751 and January 13 of the preceding year, establishing and expanding the Public Depository of the Court and City of Lisbon; a central instrument for the centralization of judicial deposits. c. 1757 (D. José I) — Prohibits, under declared penalties, lending money at risk outside the Kingdom or at internal interest exceeding five percent, except for trade with the East Indies; suspends the penalties until the first Fleets return from the Ports of Brazil. c. 1757 (D. José I) — Authorizes that all amounts agreed upon by the parties may be freely given at 5% interest, in derogation of the Royal Decree of October 30, 1756; setting the maximum legal interest rate. June 11, 1759 (King Joseph I) — Allows the investigation of bankrupt businessmen who conceal any part of their assets and shares when presenting themselves to the Board of Trade; punishment for fraudulent bankruptcy. October 20, 1759 (King José I) — Declares the Royal Decree of November 13, 1756: establishes that the stipulated interest on the debts of bankrupt merchants cannot be calculated beyond the day of their presentation and seizure of assets; limitation of interest in bankruptcies. This collection documents Joseph I's legislative response to the post-earthquake financial crisis: the creation and consolidation of the Public Deposit system, the fixing of interest rates at five percent, the prohibition of risky money, and the regulation of fraudulent bankruptcies. Essential documentation for the study of the financial and commercial history of Portugal in the mid-18th century. ⚑ Auto-translated via Google Translate