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Mexico under Charles IV – King of Spain: 14 December 1788 – 19 March 1808
1779 Mo FM Silver Real 17mm (1.46 grams) 0.903 Silver (0.0975 oz. ASW)
Reference: KM#
78 (1772-1784)
CAROLUS•IIII•DEI•GRATIA ••, Charles facing right.
•HISPAN• IND•REX•Mo•1R•F•M•, Crowned arms shield flanked by columns.
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 Charles IV (Carlos Antonio Pascual Francisco Javier Juan Nepomuceno José Januario Serafín Diego; 11 November 1748 – 20 January 1819) was King of Spain from 14 December 1788, until his abdication on 19 March 1808.
Charles was the second son of Charles III and his wife, Maria Amalia of Saxony. He was born in Naples (11 November 1748), while his father was King of Naples and Sicily. His elder brother, Don Felipe, was passed over for both thrones, due to his learning disabilities and epilepsy. In Naples and Sicily, Charles was referred to as the Prince of Taranto. He was called El Cazador (meaning “the Hunter”), due to his preference for sport and hunting, rather than dealing with affairs of the state. Charles was considered by many to have been amiable, but simple-minded.
In 1788, Charles III died and Charles IV succeeded to the throne. He intended to maintain the policies of his father, and retained his prime minister, the Count of Floridablanca, in office. Even though he had a profound belief in the sanctity of his office, and kept up the appearance of an absolute, powerful monarch, Charles never took more than a passive part in his own government. The affairs of government were left to his wife, Maria Luisa, and his prime minister, while he occupied himself with hunting. In 1792, political and personal enemies ousted Floridablanca from office, replacing him with Pedro Pablo Abarca de Bolea, Count of Aranda. However, in the wake of the war against Republican France, the liberal-leaning Count of Aranda was himself replaced by Manuel de Godoy, a favourite of the Queen and widely believed to be her lover, who enjoyed the lasting favor of the King.
In 1799, he authorized Prussian aristocrat and scientist Alexander von Humboldt to travel freely in Spanish America, with royal officials encouraged to aid him in his investigation of key areas of Spain’s empire. Humboldt’s Political Essay on the Kingdom of New Spain was a key publication from his five-year travels.
Godoy continued Abarca de Bolea’s policy of neutrality towards France, but after Spain protested the execution of Louis XVI of France, the deposed king, in 1793, France declared war on Spain. After the declaration, Portugal and Spain signed a treaty of mutual protection against France. In 1796 France forced Godoy to enter into an alliance, and declare war on the Kingdom of Great Britain. As a consequence, Spain became one of the maritime empires to have been allied with Republican France in the French Revolutionary War, and for a considerable duration.
Spain remained an ally of France and supported the Continental Blockade until the British naval victory at Trafalgar, when Spain became allied with Britain. However, after Napoleon’s victory over Prussia in 1807, Godoy again steered Spain back onto the French side. This switching of alliances devalued Charles’ position as a trustworthy ally, increasing Godoy’s unpopularity, and strengthening the fernandistas (supporters of Crown Prince Ferdinand), who favoured an alliance with the United Kingdom.
Economic troubles, rumours about a sexual relationship between the Queen and Godoy, and the King’s ineptitude, caused the monarchy to decline in prestige among the population. Anxious to take over from his father, and jealous of the prime minister, Crown Prince Ferdinand attempted to overthrow the King in an aborted coup in 1807.
 Mexico, officially the United Mexican States, is a federal republic in North America. It is bordered on the north by the United States; on the south and west by the Pacific Ocean; on the southeast by Guatemala, Belize,  and the Caribbean Sea; and on the east by the Gulf of Mexico. Covering almost two million square kilometres (over 760,000 sq mi), Mexico is the fifth largest country in the Americas by total area and the 13th largest independent nation in the world. With an estimated population of over 113 million, it is the eleventh most populous and the most populous Spanish-speaking country in the world and the second most populous country in Latin America. Mexico is a federation comprising thirty-one states and a Federal District, its capital and largest city.
In pre-Columbian Mexico many cultures matured into advanced civilizations such as the Olmec, the Toltec, the Teotihuacan, the Zapotec, the Maya and the Aztec before first contact with Europeans. In 1521, the Spanish Empire conquered and colonized the territory from its base in Mexico-Tenochtitlan, which was administered as the Viceroyalty of New Spain. This territory would eventually become Mexico following recognition of the colony’s independence in 1821. The post-independence period was characterized by economic instability, the Mexican-American War that led to the territorial cession to the United States, the Pastry War, the Franco-Mexican War, a civil war, two empires and a domestic dictatorship. The latter led to the Mexican Revolution in 1910, which culminated with the promulgation of the 1917 Constitution and the emergence of the country’s current political system. In March 1938, through the Mexican oil expropriation private U.S. and Anglo-Dutch oil companies were nationalized to create the state-owned Pemex oil company.
 Mexico has one of the world’s largest economies, it is the tenth largest oil producer in the world, the largest silver producer in the world and is considered both a regional power and middle power. In addition, Mexico was the first Latin American member of the Organisation for Economic Co-operation and Development OECD (since 1994), and considered an upper-middle income country by the World Bank. Mexico is considered a newly industrialized country and an emerging power. It has the fifteenth largest nominal GDP and the tenth largest GDP by purchasing power parity. The economy is strongly linked to those of its North American Free Trade Agreement (NAFTA) partners, especially the United States. Mexico ranks sixth in the world and first in the Americas by number of UNESCO World Heritage Sites with 32, and in 2010 was the tenth most visited country in the world with 22.5 million international arrivals per year. According to Goldman Sachs, by 2050 Mexico is expected to become the world’s fifth largest economy. PricewaterhouseCoopers (PwC) estimated in January 2013 that by 2050 Mexico could be the world’s seventh largest economy. Mexico has membership in prominent institutions such as the UN, the WTO, the G20 and the Uniting for Consensus.
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