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However, Philip III signed a decree renouncing the powers of the “valido.” By then, almost all of Philip III's income was assigned to creditors, bankers, and lenders. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Philip III was the first king since John II of Castile to begin what was to become a seventeenth-century Hapsburg trend: delegation of power to a … He appointed García de Loaysa as his tutor. His father revealed his disappointment when he remarked that his son was unfit to govern the kingdoms God had given him and would instead be governed by them. Philip III was born on April 4, 1578, in Madrid. Articles from Britannica Encyclopedias for elementary and high school students. These proconsuls were Spanish representatives stationed overseas, who began exercising independent control and declared their own policies in the absence of a strong leader at the center. The decline of Spain is often attributed to the economic problems that were set during his reign. Philip III (King) of SPAIN aka Felipe III de ESPAIA; aka Philip II King of PORTUGAL; (in the 1617 Onate Agreement the HABSBURG Empire was permanently split, with Philip heir only to their Western dominions); Knight of Golden Fleece. Remote from his subjects, Philip spent huge sums on court entertainments and neglected Spain’s growing economic problems, which were to reach crisis proportions in the following reign. Following the financial crisis, Spain was incapable of continuing the war. Charles III of Spain King of Spain. Philip III, King of Spain, King of Portugal, King of Naples and Sicily was the king of Spain and Portugal and Algarves (as Philip II Portuguese: Filipe II), from 1598 until his death. He then made an attempt to issue new currency, including the copper vélon coinage in 1603–1604, 1617, and 1621. Philip III's education was supposed to follow the structure established for royal princes by Father Juan de Mariana, which laid stress on building the personality of the student at a tender age. April 14, 1578 – Philip III of Spain (d. 1621). Following the death of Philip III's older brother Don Carlos, who had turned insane, Philip II, his father, had concluded that the death could have been averted had Carlos been raised properly. Omissions? The Southern Netherlands, which was still under Spanish control, and the Dutch Republic of the north, ruled by Calvinist Protestants, were both financially drained. However, from the beginning, the true power of the kingdom was in the hands of Francisco Gómez de Sandoval y Rojas, marqués de Denia, later known as the Duke of Lerma, Philip III’s favorite, who ruled Spain for the following 2 decades. 1 appearances; No recent wiki edits to this page. Margaret was the sister of the future emperor Ferdinand II and had significant influence over the king. Philip III (Spanish: Felipe; 14 April 1578 – 31 March 1621) was King of Spain. He was also, as Philip II, King of Portugal, Naples, Sicily and Sardinia and Duke of Milan from 1598 until his death in … They had eight children, one of whom succeeded him as Philip IV. Shortly after he came to power in 1621, the conflicts against the Dutch that were rampant in his father's reign, resumed. Life path number 6 December 19, 1683 – Philip V of Spain (d. 1746). Philip III's reign was riddled with problems. Philip III later married his cousin Margaret of Austria, sister of Ferdinand II, Holy Roman Emperor. Having resided in Valladolid in the first years of his reign, he eventually fixed his court in Madrid. However, they had retained their culture traits, which included several Islamic practices. Cheap labor and rent acquired from these areas declined considerably. He sent ship in search of Atlantis, but it vanished. Philip’s first marriage was to Maria of Portugal (1527–1545). In April 1599 the new king married his Habsburg cousin the Austrian archduchess Margaret. Charles (1545–1568) is better known to posterity The monopoly of Lerma's Sandoval family had created many enemies. Philip III (Spanish: Felipe III; April 14, 1578 – March 31, 1621) was the King of Spain and King of Portugal and the Algarves, where he ruled as Philip II (Portuguese: Filipe II), from 1598 until his death. By signing up for this email, you are agreeing to news, offers, and information from Encyclopaedia Britannica. He was also, as Philip II, King of Portugal, Naples, Sicily and Sardinia and Duke of Milan from 1598 until his death in 1621. Coin of Philip III of Spain. During his reign, the Netherlands witnessed a resurgence of Spanish power on the north of the rivers Meuse and Rhine, thus increasing the military pressure on the rebel provinces. In retrospect he was regarded as a weak king under whose rule Spain stagnated, with the result that its status as a Great Power became increasingly compromised. Updates? One of Philip's most significant changes in domestic policies was the decree issued in 1609 for the expulsion of the Moriscos from Spain, which was done at the same time when the peace treaty was signed with the Netherlands. Philip III, (born April 14, 1578, Madrid—died March 31, 1621, Madrid), king of Spain and of Portugal (as Philip II) whose reign (1598–1621) was characterized by a successful peaceful foreign policy in western Europe and internally by the expulsion of the Moriscos (Christians of Moorish ancestry) and government by the king’s favourites. Please refer to the appropriate style manual or other sources if you have any questions. Philip III’s extravagant lifestyle and Lerma’s excesses were brought to an end in 1618, with the fall of Lerma and a decree stating the revocation of the powers of the “valido.” Philip eventually died in 1621 and was succeeded by his son Philip IV. Philip was the son of Philip II of Spain by his fourth consort, his Habsburg cousin Anna of Austria. After James I of England came to power, the war ended and so did the English support to the Dutch, culminating in the 1604 ‘Treaty of London.’. It was the tragedy of Spain that its ruling classes failed to respond to the social and political problems of the age as creatively as its... Get a Britannica Premium subscription and gain access to exclusive content. Philip III breathed his last on March 31, 1621, in Madrid. Philip III’s government faced revolts in Italy, too, where it experienced the rivalry of the duchy of Savoy and the Republic of Venice. Philip III died in 1621 following a lengthy illness. 17 Thursday Sep 2020. 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