How did the Spain profit from these voyages?

Answer 1

Spain profited from its voyages primarily through the acquisition of vast amounts of gold and silver from the Americas, particularly from mines in present-day Mexico and Peru. These precious metals significantly boosted the Spanish economy and funded further exploration and military endeavors. Additionally, Spain established lucrative trade routes and colonies, allowing for the export of goods like spices, sugar, and tobacco back to Europe, which enhanced its wealth and influence during the Age of Exploration.