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Why Spain had severe inflation?
what is the cause of the spanish economy declined and at times spain was bankrupt
How did the land in Spain become so expensive?
Inflation.
How were the beaches in Spain formed?
Beaches in Spain were causes by major flooding.
Why did Spain's power begin to decline?
It began to decline after an influx of bullion (gold/silver) into the country after the discovery of the new world which caused inflation and wrecked spain's economy.
How did Aztec gold destory Spain?
Although it is not generally agreed that the influx of gold into Spain destroyed it, some have theorized that the sudden increase in the amount of gold in circulation caused inflation resulting in an economic crisis in Spain.
How did resources of spanish colonies in the Americas contribute to decline of Spain?
Spain went into decline because treasures were being brought back from the Americas. This led to neglect of farming, which caused inflation.
How did resources in Spanish colonies in the Americas contribute to the decline of Spain?
Spain went into decline because treasures were being brought back from the Americas. This led to neglect of farming, which caused inflation.
What year did Francis Drake defeat Spain?
Sir Francis Drake defeated Spain in 1588. After the defeat of Spain, Sir Francis Drake's career suffered after he failed to conquer the port of Las Palmas in 1595.
Inflation in Spain during the Century of Gold hurt the economy because?
foreign goods were cheaper than locally produced products.
What were the causes of christopher Columbus exploration?
he got lost in spain
Why did Spain's economy take a downturn during Philip II's reign?
Inflation and Taxes. As the price of goods and services went up, the value of money went down (inflation). When Spain expelled the Jews and Moors, it lost some of its most valuable artisans. The nobles didn't have to pay taxes leaving the burden of tax paying on the lower class.
Why was Spain's wealth acquired from the New World considered to be a mixed blessing?
Spain's wealth acquired from the New World was considered to be a mixed blessing due to the speed at which the wealth was acquired. Spain gained its wealth so quickly, the result was massive inflation for ordinary Spaniards.
