3rd Spanish Armada Spain, the English signed the Triple Alliance with the Dutch republic and France. England had sent an armada the next year under the Earl of Essex and Charles Howard to Cadiz which was captured and sacked. An angered Philip soon after took into consideration the defence of the peninsula. In a wave of revenge after the defeat at Cadiz, Philip II sent out orders for a large armada to do the same to England by way of taking the French port of Brest. Just after they set off however the fleet was obliterated in autumn storms off Cape Finisterre causing
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