Did you know that Charles V offered land to pay off his debts?
During his reign, Charles V was constantly in debt. Since he was not always able to pay his bankers, Charles V sometimes offered them land instead. Thus, the Welser family of bankers were granted the right to exploit the mineral wealth of Venezuela for a five-year period. However, the Welsers were more interested in the fruitless quest for the mythical city of El Dorado than in the opportunities offered by the land itself. As a result, the Welsers were left empty handed on expiry of the five years.
If you would like to know more about Charles V’s finances, then visit the National Bank’s museum before 27 August.
The sixth piece of the tapestry puzzle will appear on 27 July.