3rd Spanish Armada fleet. Howard immediately sent the fleet out to hunt the Spanish, most of whom had arrived back at port. Any remaining Spanish ships were rounded up and captured along with their soldiers and crew. Philip took much of the blame for the failure by the Armada commanders, particularly Padilla. The Armada was the last of its kind that the Spanish would execute under Philip II before his death. The war with Spain and England had been going on for nearly twelve years and both sides had achieved little in their goals. The result of the intervention of Philip II in
2nd Spanish Armada were more concerned with defending the peninsula. The shock of the disaster reverberated into every corner of Philip's dominions, loosening everywhere the frayed bonds of his system and threatened to complete what Essex's successful Cadiz campaign had left undone. After the defeat at Cadiz, bankruptcy had stared the King of Spain in the face and in the aftermath of the Armada, he was forced to suspend payment to creditors. Philip had declared the third major bankruptcy of his reign. The King desperately wanted only a postponement of the Armada not an abandonment and was obliged to borrow more money but