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What happened to the silver and gold that went to Spain from the Americas?
Wiki User
∙ 9y ago
The majority of that wealth went into developing Spain's military capabilities. In the 16th and 17th centuries, Spain was involved in many wars during the Protestant Reformation of Europe, defending the Catholic Church. Notably, these wars included the wars in German States, the French Wars of Religion, the Eighty Years War in the Netherlands, and the Thirty Years War. Spain also fought vigorously for control of southern Italy and to repel the Ottoman advances in Southeast Europe. A minority went into developing infrastructure in Spain, making large palaces, impressive boulevards, and better postal roads.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoThe silver and gold Spain mined in the Americas made its way throughout Europe and impacted the global economy.
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What motivated 'Spain's' conquest?
for the gold of the Americas
Was gold found in Spain?
There was some gold and silver in Spain, but what made Spain rich in the 16th and 17th centuries was the gold and silver taken from Spanish possessions in the Americas.
Which European country became wealthy from the gold and silver found in the Americas?
Spain since they had the most slaves and laborers to mine the gold and silver
Why didn't Spain's economy benefit from the gold and silver from the Americas?
Spain's economy didn't benefit from the gold and silver from the Americas because although it did make Spain wealthy for some time, it caused the value of their money to drop and as the demand of physical elements increased, so did prices (inflation) causing Spain's economy to fail
What were Spain's religious goals when they colonized the Americas?
Primarily to convert all the heathen natives to Christianity, and remove as much gold, silver and other wealth back to Spain.
Did Spain conquer the mayans in Mexico and the incas in Peru for their wealth?
That was a driving force to their take over of the Americas. Spain became rather rich with the gold and silver that was brought back from the are.
How did conquests in the Americas change Spain?
Spain was hovering on the edge of financial ruin. Through the explorations in the Americas, they found mines and relics of gold, silver and other important natural resources. These items were taken back to Spain to support their country and continued exploration with little regard for those who were stolen from.
Why did spain send conquistadors to explore the americas?
to look for gold
The region at which location beacme a source of great wealth for Spain during the colonial period?
During the colonial period, Spain extracted enormous wealth in the form of gold, silver and new crops from the Americas.
Which motivation led European sailors to explore the Americas?
Initially Europeans explored the Americas in search of gold, silver and precious stones.
Why did Columbus and Spain want to return to the Americas?
To increase the wealth of the empire by exploiting the resources of the new world. In the case of Spain, those meant gold and silver deposits found in the New Spain (present-day Mexico) and Peru.
How did gold and silver mining in North and South America impact Spain's economy?
Spain acquired a great deal of wealth because the gold and silver were sent to Spain.
