answersLogoWhite

0


Best Answer

The influx of silver from the New World did increase inflation rates from earlier periods. One result was that wages could no longer keep up with the cost of living increases, particularly for increasingly expensive foodstuffs

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: The importation of silver from the new world to Spain resulted in?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about World History
Related questions

Who were the Exports of Gold and Silver from the New World to Spain?

If this question means "Who exported gold and silver from the New World to Spain"? Then the answer is the Spanish conquistadors and Spanish explorers. Vast amounts of these precious metals were also precious to the advanced Native American peoples in Mexico and further south. The Aztecs, Mayans and Incas all valued gold & silver. What Spain did not steal from these civilizations were later mined, as the New World under Spain's dominion had vast mines of gold and silver.


What did the spanish get from the mines of Peru?

Spain retrieved gold, silver and copper from the mines in Peru. Spain became the most powerful country in the world, partly from the riches from the new world.


From the beginning of colonization's did Spain regard her New World colonies as primarily a source of precious metal?

Yes, much of the drive behind Spain's conquest of the New World was the abundance of precious metals. They took gold from Mexico, Peru had and still has vast amounts of gold and silver, and Argentina is named for its silver (silver is called argentum in Latin).


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.


What did Spain find in the new world?

pain found silver and gold just like england did


What best accounts for spain's wealth from the colonization of the New World?

(Not me) I would say that Spain gained a fortune from the bounties from their colonization of the new world. After all, they controlled most of the southern half of what is now the United States, and also controlled the entirety of South America.


Where did Spain establish there colony?

Spain established colonies all over the world. Following the discoveries made by Christopher Columbus, Spain sent Spanish explorers and conquistadors to the New World. Conquistadors as the following impacted Spain's overseas empire:* Francisco Coronado claimed for Spain much of which now is the US Southwest. He was most active in 1540;* Hernando Cortes conquered the Aztec empire in what is Mexico. Spain reaped gold and silver form the Aztecs; and* Francisco Pizarro conquered the Inca Empire in South America. Once again Spain reaped gold and silver for its treasury.Spain's colonies in the New World were certainly their most lucrative ones.


What impact did Spain have on the world today?

Spain's conquest and settlements in Mexico and South America beginning in the 16th century has had a major impact on the world of today. Here are some examples: * Spain's religion of Catholicism has resulted in this religion dominating Mexico, Central America and South America; and * The Spanish language is the main language of South America and Mexico.


How did European get riches in the new world?

Spain got its riches with gold and silver, France by fur trade,Netherlands by shipping,trade


Metals the Spanish wanted from the new world?

One of the main objectives of Spain's exploration and conquests in the New World was to send gold and silver back to Spain. To a large degree this was successful for many years. Gold and silver were stolen from the advanced Native American civilizations. These metals were also mined from what is now Mexico and South America.


What resulted from the spanish war?

The USA became a world power for the first time, and acquired from Spain Puerto Rico, Cuba, Guam and the Philippines. Later in 1898, the USA annexed Hawaii.


Why did France want to go to the new world?

They wanted to have glory, just as much as Spain and England. The explorers wanted to be rich with gold and silver.