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How did wealth from the Americas bring more harm than good to Spain in the 1600s?
Wiki User
∙ 10y ago
The massive inflow of silver and gold into the Spanish economy, having nothing to do with real economic growth in Spain, led to inflation and to a structural trade deficit: the money enabled Spain to spend and import goods without the incentive of paying for those things by producing and selling goods, developing trade activities and thereby making money themselves.
When the gold and silver dried up, Spain was left with an economy that never really had learned to fend for itself, and it found that it now lagged far behind those countries that really had had to work to develop their economies and wealth.
Wiki User
∙ 10y ago
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Who were the first two European countries to bring African slaves to the Americas?
Spain and Portugal.
Why did Cortes exploring?
to conquer Mexico and Aztecs
Where did Spain's great wealth come from?
Spain's great wealth came from the gold and silver from its American colonies, and later from from the sugar and other products of its American possessions.Gold and Silver from American Colonies
Why was Spain so rich in the 16th century?
Because of the mineral wealth they were able to bring back from the new world.
What foods did Italy bring to the Americas?
Pizza
Why does'ent wealth bring happiness?
It sometimes does, but people have to work for it or they get spoiled. Wealth sometimes bring happiness because then the person can spend it lavishly.
What were the European incentives for the conquest of the Americas?
The European incentives for the conquest of the Americas were largely driven by the lure of wealth and power. European powers were primarily motivated by economic gain religious conversion and a desire for political and military domination. Economic gain: The discovery of the Americas had the potential to bring great wealth to the Europeans. Explorers were seeking gold silver and other valuable resources to bring back to Europe. Religious conversion: Many Europeans saw the conquest of the Americas as an opportunity to spread Christianity throughout the New World. Political and military domination: European nations sought to extend their political and military control over the Americas as well as to gain access to new trade routes and markets. These incentives were a major factor in the European conquest of the Americas and ultimately led to the colonization of the New World by European powers.
Why did columbus lead more expiditions to the americas bringing with him people animals and other supplies?
He wanted to build a colony to bring profits to Spain.
Why did Columbus lead more expeditions to Americas bringing with him people animals and other supplies?
Because Columbus and to bring all of his supplies back to the king and queen of Spain so they could have different items to sell and trade.
Why did francisco cornando search for gold?
Francisco Coronado searched for gold in the Americas because he was a Spanish conquistador looking to increase his wealth and power. He believed that finding gold would bring him prestige and favor with the Spanish Crown.
Why did Europeans bring people from Africa to the Americas?
to be their slaves
Who taught that wealth does not bring goodness but goodness produces wealth both for the individual and the polis?
Socrates
