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The influx of gold and silver from its vast empire significantly enriched Spain, transforming it into one of the most powerful nations in Europe during the 16th and 17th centuries. This wealth allowed Spain to finance extensive military campaigns and establish a dominant presence in European politics. However, the reliance on precious metals also led to economic challenges, including inflation and the neglect of domestic industries, ultimately contributing to Spain's long-term decline.

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How did Mansa Musa the become so wealthy?

Mansa Musa, the emperor of the Mali Empire in the 14th century, became incredibly wealthy primarily through the abundant natural resources of his empire, especially gold and salt. His reign coincided with the height of the trans-Saharan trade routes, which facilitated the exchange of goods and wealth across West Africa and beyond. Additionally, Musa's strategic investments in education and infrastructure, including the famous University of Timbuktu, further solidified his wealth and influence. His legendary pilgrimage to Mecca in 1324, during which he distributed vast amounts of gold, showcased his immense wealth to the world.


What was one major effect of the Mughal empire's trade policies in the 17th century?

Mughal leaders began to surrender control of their economy to European powers.


How was the economy in the Byzantine Empire?

Just fine, the empire existed for many centuries.


What was the economic security of the Inca Empire based on?

Extensive trade with Aztec Empire


What effect did mansa susa's pilgrimage to mecca have on trade?

Mansa Musa's pilgrimage to Mecca in 1324 significantly enhanced trade in the Mali Empire by raising its profile on the global stage. His lavish display of wealth, including generous donations of gold, attracted attention from merchants and traders, leading to increased interest in the region. This resulted in strengthened trade routes and connections with North Africa and the Middle East, ultimately fostering economic growth and cultural exchange within the empire.