As the situation with immediate revenue became more fraught, the crown in 1804 imposed measures in its overseas empire forcing the church to call in immediately the mortgages it had extended on a long-term by the Catholic Church. Although aimed at undermining the wealth and power of the church, the wealthy landowning elites were faced with financial ruin, since they had no way to make full payment on their mortgaged properties.Hamnett, Brian R. "The Appropriation of Mexican Church Wealth by the Spanish Bourbon Government--The Consolidación de Vales Reales', 1805-1809." Journal of Latin American Studies 1.2 (1969): 85-113. This ill-considered royal decree has been seen as a major factor in the independence movement in New Spain (Mexico).Von Wobeser, Gisela. "La consolidación de vales reales como factor determinante de la lucha de independencia en México, 1804-1808." Historia mexicana (2006): 373-425. The decree was in abeyance once Charles and Ferdinand abdicated, but it undermined elite support while in force.
