← Explore on the interactive map
De Luque's Financing of the Conquest of Peru
In 1524 Panama's vicar Fernando de Luque, as a third-party partner in the Pizarro-Almagro conquest venture, supplied the main funds and supplies need…
Timeline
- 1524Panama City · PanamaDrawing on wealth and church connections accumulated in Panama, de Luque agreed to finance Pizarro and Almagro's conquest plan, participating in the partnership anonymously or through an agent, as his clerical status made it improper to openly serve as sponsor of a military venture.
- 1524Panama City · PanamaDe Luque's funds were used to purchase two sailing vessels, weapons, ammunition, and provisions, enabling Pizarro to organize the first southbound expedition in 1524; his investment was repaid with a share of future conquest spoils, a financing structure typical of the Spanish private conquest model.
Sources
- Hemming, John. The Conquest of the Incas — John Hemming (1970)
- Encyclopaedia Britannica: Francisco Pizarro https://www.britannica.com/biography/Francisco-Pizarro