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what is the cause of the spanish economy declined and at times spain was bankrupt
Modern Spain has a free market economy. Spain is further part of the European Monetary Zone, thus its currency is regulated through the European Central Bank. Spain, as in all countries comprising the European Union are also free market economies.
mixed economy
I think that spains economy is good
No, command economy
what is the cause of the spanish economy declined and at times spain was bankrupt
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.
In the 1600s, the Spanish economy was in decline whether the Netherlands economy was blooming into its Golden Age. A series of costly defeats in wars and territorial overreaching are attributed to the decline of the Spanish Empire.
The wars almost bankrupt Spain because it had massive war debts
Modern Spain has a free market economy. Spain is further part of the European Monetary Zone, thus its currency is regulated through the European Central Bank. Spain, as in all countries comprising the European Union are also free market economies.
Spain has a "Mixed Capitlalist Economy"
Spain has a "Mixed Capitlalist Economy"
our economy under Spain
The Philippines have not been 'under' Spain for more than 100 years.
mixed economy
Some of the results of the Spanish Armada were the Spanish economy was in trouble. The gold and the silver that Spain received from the Americas caused high inflation.It signaled the decline of great European power. It also caused Spain's economy to crash. This defeat proved that England had the power to defend itself. And in the end, England remained an independent and Protestant nation.
Spain went into decline because treasures were being brought back from the Americas. This led to neglect of farming, which caused inflation.