13 August 1521: The fall of the Aztec Empire
Tenochtitlán, the capital of the Aztec Empire, fell to the Spanish conquistadors on this day in 1521, bringing an end to Aztec rule.
The Aztec Empire, begun around 1345, was formed from three great city states – the Triple Alliance - with the city of Tenochtitlán the capital. The Alliance was very keen on war, and conquered many of the other city states in the Valley of Mexico. At its largest extent, the empire covered some 11,000,000 people. And it amassed huge wealth.
Unfortunately for the Aztecs, the Spanish had recently arrived in the Caribbean, and they were hungry for gold. Once the Spanish got wind of their treasures, the Aztecs' days were numbered.
Hernán Cortés was put in charge of an expedition to Mexico in 1519. He soon met a messenger from Montezuma, the Aztec ruler, and gave him a display of the Spaniards' might, with cavalry charges, guns and cannon blasts. The Aztecs were suitably intimidated.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Cortés moved on, subjugating cities here and there, until he got to Tenochtitlán. The inhabitants venerated the Spaniards as gods, showered them with riches and put them up in sumptuous lodgings. But the Spanish were very ungrateful guests. And, despite being hugely outnumbered, Cortés arrested Montezuma and demanded he submit to the King of Spain.
The Aztecs staged a rebellion in 1520, in which Montezuma was killed. But they succeeded in driving the Spanish out of Tenochtitlán. The Spaniards may have fled, but they left the Aztecs a most unwelcome gift – smallpox, and the city's population was ravaged. And it wasn't long before the Spanish were back. Cortés returned with a bigger force of soldiers and laid siege to the city for four months.
On 13 August, Cortés captured Cuauhtémoc, the Aztecs' new leader, and Tenochtitlán fell, effectively ending the Aztec Empire. The city was looted, and Cuauhtémoc was tortured to find the location of the rest of the gold. Eventually, Cortés had Cuauhtémoc killed, after he suspected him of plotting to kill him.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.
Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin.
As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published
-
31 August 1957: the Federation of Malaya declares independence from the UK
Features On this day in 1957, after ten years of preparation, the Federation of Malaya became an independent nation.
By Jasper Spires Published
-
13 April 1960: the first satellite navigation system is launched
Features On this day in 1960, Nasa sent the Transit 1B satellite into orbit to provide positioning for the US Navy’s fleet of Polaris ballistic missile submarines.
By Ben Judge Published
-
9 April 1838: National Gallery opens in Trafalgar Square
Features On this day in 1838, William Wilkins’ new National Gallery building in Trafalgar Square opened to the public.
By Ben Judge Published
-
3 March 1962: British Antarctic Territory is created
Features On this day in 1962, Britain formed the British Antarctic Territory administered from the Falkland Islands.
By Chris Carter Published
-
10 March 2000: the dotcom bubble peaks
Features Tech mania fanned by the dawning of the internet age inflated the dotcom bubble to maximum extent, on this day in 2000.
By Chris Carter Last updated
-
9 March 1776: Adam Smith publishes 'The Wealth of Nations'
Features On this day in 1776, Adam Smith, the “father of modern economics”, published his hugely influential book The Wealth of Nations.
By Ben Judge Last updated
-
8 March 1817: the New York Stock Exchange is formed
Features On this day in 1817, a group of brokers moved out of a New York coffee house to form what would become the biggest stock exchange in the world.
By Chris Carter Last updated
-
7 March 1969: Queen Elizabeth II officially opens the Victoria Line
Features On this day in 1969, Queen Elizabeth II took only her second trip on the tube to officially open the underground’s newest line – the Victoria Line.
By Ben Judge Last updated