2nd Spanish Armada 1596. Spain and England had been at war for nearly twelve years with neither side gaining the upper hand. The result of the intervention of Philip II in the religious war in France in support of the Catholic League, meant that Spanish forces had established coastal garrisons along the French and Flemish coast by the late 1580s. These bases had a huge strategic value because they allowed England to be threatened by the Spanish fleet and troops. England on the other hand had also intervened in France, but in support of King Henry IV of France, as a result of
3rd Spanish Armada severe losses in ships (including a few galleons known as the Apostles), men, supplies and money. The cost was ruinous; the two ships carrying the pay-chests disappeared below the waves. The Spanish King not to be disheartened ordered another invasion despite the Cortes Generales claiming funds would not be available in time. As a result, the Cortes was asked to be dissolved by Philip and a financial crisis loomed. The Cadiz defeat, the failure of the Armada as well as the war in France and the Netherlands that year meant that Philip's nation went into bankruptcy; the third of his