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what is the cause of the spanish economy declined and at times Spain was bankrupt

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What is the definition of economic inflation?

Economic inflation or just inflation is the rate at which the general level of prices for goods and services is rising. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum. Inflation or deflation will always occur in a economy but the role of the Fed is to make less severe.


What is inflation on working capital?

What_is_inflation_on_working_capitalimpact of inflation onworkingcapital


Who was president during severe gas shortages energy crisis and high inflation?

The president during the severe gas shortages and energy crisis of the 1970s, along with high inflation, was Jimmy Carter. He served from January 20, 1977, to January 20, 1981. The crisis was marked by the 1973 oil embargo and subsequent economic troubles, leading to significant increases in gas prices and inflation rates during his administration.


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 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

Related Questions

What causes Spain suffered from severed inflation?

Spain has experienced severe inflation due to a combination of factors, including rising energy prices, supply chain disruptions, and increased demand as the economy rebounded from the COVID-19 pandemic. Additionally, the war in Ukraine exacerbated energy costs, particularly for gas and oil, which further fueled inflation. Government spending and monetary policies also contributed to the inflationary pressures. These elements combined have led to significant price increases across various sectors in Spain.


How did the land in Spain become so expensive?

Inflation.


What is the definition of economic inflation?

Economic inflation or just inflation is the rate at which the general level of prices for goods and services is rising. Central banks attempt to stop severe inflation, along with severe deflation, in an attempt to keep the excessive growth of prices to a minimum. Inflation or deflation will always occur in a economy but the role of the Fed is to make less severe.


What is inflation on working capital?

What_is_inflation_on_working_capitalimpact of inflation onworkingcapital


What is the difference between recession, depression, and inflation?

Recession is a period of economic decline, depression is a severe and prolonged recession, and inflation is the increase in prices of goods and services over time.


How did the severe inflation in Germany affect the population?

For Millions of Germans, a lifetime's worth of hard work and savings had vanished!


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.


Who was president during severe gas shortages energy crisis and high inflation?

The president during the severe gas shortages and energy crisis of the 1970s, along with high inflation, was Jimmy Carter. He served from January 20, 1977, to January 20, 1981. The crisis was marked by the 1973 oil embargo and subsequent economic troubles, leading to significant increases in gas prices and inflation rates during his administration.


What is the comparative degree and superlative degree of severe?

Severer and Severest. Example: Winters in Prudhoe Bay are usually severer than winters in Palm Beach. In 2000, Zambia experienced its severest inflation of the past decade.


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.