Did the large influx of New World silver help the Spanish economy in the sixteenth and seventeenth centuries?
a) No, it caused serious inflation and encouraged many Spaniards to leave their farms in search of New World riches.
b) Yes, the increased wealth of the Spanish government meant costly Crusades could never undermine the royal treasury.
Consider This: What happened to European prices over the first half of the seventeenth century? See 4.1.1: Silver Boom and Bust.
c) Yes, because the Spanish were careful never to allow the silver to disrupt their national economy.
Consider This: What happened to European prices over the first half of the seventeenth century? See 4.1.1: Silver Boom and Bust.
d) No, because the Spanish monarchs insisted on donating the silver to their favorite Catholic charities.
Consider This: What happened to European prices over the first half of the seventeenth century? See 4.1.1: Silver Boom and Bust.
a) No, it caused serious inflation and encouraged many Spaniards to leave their farms in search of New World riches.
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