From Absolute Monarchy to Enlightened Despotism
The influx of gold and diamonds from Brazil contributed to the accomplishment of magnificent works, associated with the image of King Dom João V.
Numismatics also reflects this rich period of the history of Portugal, which undoubtedly saw the largest diversity of gold coins, some of them bearing the king's effigy.
During the reign of King Dom José I public finances improved, owing to the strong commitment of the Marquis of Pombal in the promotion of industry and trade.
Shares in Companies such as Grão Pará e Maranhão, Vinhas do Alto Douro and Pernambuco e Paraíba were accepted as money. During the reign of Queen Maria I, paper money became widely used, with the issue of apólices (policies) of the Royal Treasury.
The French invasions and the departure of the royal family to Brazil contributed to the acceleration of political and economic tensions
The first Portuguese banking institution – Banco do Brasil – was set up in Rio de Janeiro, in 1808.