The Great Events by Famous Historians…
“ Men saw the fountain of Spanish trade at England's mercy; they knew how narrowly the Plate fleet had escaped, and a panic palsied Philip's finance. The Bank of Seville broke; that of Venice was in despair; and the King of Spain, pointed at as a bankrupt, failed to raise a loan of half a million ducats. Parma was appalled. With his brilliant capture of Antwerp he had seen himself on the brink of that great exploit with which he hoped to crown his career; and now, instead of a host armed at all points for the invasion of England, he saw around him a broken army it was impossible to supply. ”
