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Did Spanish gold and silver from the Americas fuel inflation and economic growth in Europe?
Shoot! I entered pretty much this very question on Google to look for an article on it. My wold view is "Spanish gold and silver ransacked from the Americas did cause prices to rise in Europe with no real growth". My understanding is that it ultimately ruined the Spanish economy. The reason is that gold is otherwise a useless metal that when America's share got dumped on Europe, it created a monetary shock that ruined gold's value as money temporarily. Temporarily, Spain got to do nothing productive for a living, sort of speak, while the rest of Europe got duped into serving Spain for free/stolen American gold. Gold is money only in its property of fairly keeping track of economic credits given that no one is able to counterfeit it or find it easily without escaping productive work. Anyways, I'm looking for the authoritive answer because I'm tired of people deifying gold as money -- the real wealth is in the capital which money is a representation of. Shoot! I entered pretty much this very question on Google to look for an article on it. My wold view is "Spanish gold and silver ransacked from the Americas did cause prices to rise in Europe with no real growth". My understanding is that it ultimately ruined the Spanish economy. The reason is that gold is otherwise a useless metal that when America's share got dumped on Europe, it created a monetary shock that ruined gold's value as money temporarily. Temporarily, Spain got to do nothing productive for a living, sort of speak, while the rest of Europe got duped into serving Spain for free/stolen American gold. Gold is money only in its property of fairly keeping track of economic credits given that no one is able to counterfeit it or find it easily without escaping productive work. Anyways, I'm looking for the authoritive answer because I'm tired of people deifying gold as money -- the real wealth is in the capital which money is a representation of.
What else can I help you with?
What negative affect did the Columbian exchanges have on Europe?
The Columbian Exchange had several negative effects on Europe, including the introduction of new diseases such as syphilis, which spread rapidly and had devastating impacts on populations. Additionally, the influx of precious metals from the Americas led to inflation and economic instability in some regions. This sudden wealth also encouraged overexpansion and conflict, both internally and with other nations, contributing to social and political tensions.
What goods were brought from Europe to the Americas?
Throughout history, trade has been used to import materials from Europe to the Americas. For instance, sugar, wood, and coal was imported to the Americas.
What was the Columbian exchange was a transfer of people goods and ideas between?
the Old World and the New World Europe and the Americas
What impact did early Spanish exploration have on Europe?
Early Spanish exploration significantly impacted Europe by sparking interest in overseas expansion and colonization. The wealth generated from new territories, particularly through the acquisition of gold and silver from the Americas, fueled economic growth and shifted trade routes. This influx of resources contributed to the rise of powerful nation-states and the development of mercantilism. Additionally, the encounters with indigenous populations and the exchange of goods and ideas laid the groundwork for the Age of Exploration and influenced European culture and society.
What was traded between Europe and Africa in the triangular trade?
In the triangular trade, Europe traded manufactured goods such as textiles, firearms, and alcohol to Africa in exchange for enslaved people. These enslaved individuals were then transported to the Americas, where they were forced to work on plantations. In return, the Americas exported commodities like sugar, tobacco, and cotton back to Europe. This brutal system facilitated significant economic gains for European powers while perpetuating the suffering of millions.
Why did the colonists go to the Americas?
For religion and economic freedom from Europe
How are Native Americans and the the spanish europeans different from each other?
The native Americas are the native people from the Americas when the Spaniards, the Spanish people from Europe conquer America.
What does effect mercantilism could have had on Europe and the American colonies?
It caused inflation as well as people in the Americas making their own money, not the government's.
How would you compare the conquest of the Americas by the Spanish to the conquests of other rulers in Europe and Asia?
spanish conquest brought diseases
Why was Cuba an Important colony for Spanish in the Americas?
Cuba was an important colony for Spain in the Americas due to its strategic location, serving as a key naval base for Spanish fleets traveling between the Americas and Europe. The island's fertile land enabled the cultivation of lucrative cash crops like sugar and tobacco, which became central to the Spanish economy. Additionally, Cuba played a significant role in the transatlantic slave trade, providing labor for its plantations. Its economic contributions and strategic significance made it a vital asset for the Spanish Empire.
What impact did the exports of precious metals have on indigenous peoples of the Americas?
The export of precious metals from the Americas led to the exploitation and displacement of indigenous peoples as European powers sought to extract wealth from the region. This resulted in forced labor, violence, and the destruction of indigenous societies and cultures. Additionally, the influx of precious metals fueled inflation and economic disruption in Europe.
How many countries around the world that speak spanish?
There are 21 countries where Spanish is the official language. These countries are located in Europe, the Americas, Africa, and the Pacific.
What came from Europe to the Americas?
European foods obviously. This mainly includes Italian, British, French, and Spanish delicacies.
How did the defeat of the spanish armada change the balance of the power in Europe?
The British saw that the spanish was claiming land for their country so the British defeated the Spanish armada and claimed rest of the americas
How did religious changes in Europe affect the European colonization of the Americas?
Many of the native American tribes who were already in the Americas were overthrown by the Europeans such as the aztects being overthrown by Spanish conquistadors.
What are some positive consequences of the Spanish exploration?
Some positive consequences of the Spanish exploration include the exchange of goods and ideas between Europe and the Americas, which led to economic growth and cultural exchange. The exploration also resulted in the expansion of European knowledge about the world and the discovery of new lands and resources.
Who found turkeys?
The Spanish found turkeys in the Americas (North America and South America). They brought the turkeys back to Europe.
