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It didn't, and it wasn't gold, it was silver that rasied domestic prices and made imports cheaper than home produce.

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14y ago

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What was Spain motivation for establishing provinces in north America?

Spains' principle motivation for its' exploration in the Americas was the quest for gold.


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


Why were the Spaniards interested to gold?

The Spaniards were interested in gold due to its value as a precious metal and its role in their economy back then. They saw it as a source of wealth, power, and status. Additionally, the discovery of gold in the Americas fueled their desire for conquest and colonization.


What motivated 'Spain's' conquest?

for the gold of the Americas


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Gold was known to exist in the Americas.


Which European country became wealthy from the gold and silver found in the Americas?

Spain became wealthy from the gold and silver found in the Americas, particularly in regions like Mexico, Peru, and Bolivia. The influx of precious metals from these sources significantly boosted Spain's economy during the 16th and 17th centuries.


Did the Spanish ever find gold in the Americas?

Yes, the Spanish did find gold in the Americas. They discovered gold in present-day Mexico and Peru, leading to the exploration and colonization of these regions. The discovery of gold played a significant role in the Spanish conquest and exploitation of indigenous civilizations in the Americas.


Mining gold and silver was most important in colonies that belong to?

Mining gold and silver was most important in colonies that belonged to Spain, as they sought to establish a strong economy based on extracting and exporting precious metals from their territories in the Americas.


What were the Spanish looking for when they arrived in the Americas?

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Which motivation led European sailors to explore the Americas?

Initially Europeans explored the Americas in search of gold, silver and precious stones.


How did pirates affect Spain's economy?

One serious way was because they seized boats which contained spices (which between the 15th and 19th centuries were incredibly rare and expensive. After the discovery of the Americas it was gold and other precious metals that were stolen. This had a major impact on Spain's economy