treaty of london, 1604

This Treaty of London (among many others) ended hostilities between England and Spain. It was signed in 1604. After the death of Queen Elizabeth I of England, King Philip III of Spain began thinking of peace. Spain's gold treasury was depleted, parts of the Spanish Netherlands had rebelled, the military of Spain was less reliable, and piracy caused shipments from the New World to be less reliable. Also, Elizabeth's death itself caused problems of the succession. The balance of power in Europe had been uncertain, and this treaty seemed to help it a bit.

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