How Did Trade Affect Spain
What made Spain so salient and monumental for its time period? Trade definitely played a significant role in making their empire so enlightened and immense, yet in the end made the empire become very poor. Trade in the New World aided Spain in becoming of the most diverse places. Moreover, trade made the empire become one of the most successful empires when they started to trade, but exhibited more negative impacts on them. Primarily, mercantilism assisted in causing much inflation which caused them to become very poor. Lastly, due to overspending from King Philip II and King Philip III Spain became very weak and unstable (Economy under Philip III).
Spain lies on the Iberian peninsula, which is primarily surrounded by water (Spain).
Consequently, …show more content…
Additionally, it changed many colonies in the New World socially, politically, economically, and culturally. Chiefly, populations increased heavily in the new world as a result of the african slave trade. This meant more workers in silver mines, hence more money for the Spanish Empire. On the other hand, many people were killed mining silver (Green). Trade also caused inflation which weakened governments and assisted in making the environment suffer (Green). Though the lower class members of society remained poverty stricken, the high classes maintained being wealthy (Green). Gold in the Spanish Empire was generally traded to the upper class nobles and affected them in a positive manner, but again left the lower classes poor (McAlister). At one point the Spanish Empire was arguably the wealthiest empire due to silver mining of 150,000 tons of silver trade, yet the influx of silver caused the price of the silver to worth a fraction of what is once was (Green). Spain only experienced a glimpse of wealthiness and unfortunately experienced more times of hardship as a result of trade. Despite, Spain declining economically, they became more diverse culturally as a result of more people living in their empire. Religiously, Spain had more followers of Christianity as a result of Spanish conquests and the encomienda system (Cracking the Ap World History Exam). In all, though Spain experienced a glimpse of success it could have been experience even more. Thought the empire declined and became very unstable, Spain exhibited a monumental impact on the
Spain lies on the Iberian peninsula, which is primarily surrounded by water (Spain).
Consequently, …show more content…
Additionally, it changed many colonies in the New World socially, politically, economically, and culturally. Chiefly, populations increased heavily in the new world as a result of the african slave trade. This meant more workers in silver mines, hence more money for the Spanish Empire. On the other hand, many people were killed mining silver (Green). Trade also caused inflation which weakened governments and assisted in making the environment suffer (Green). Though the lower class members of society remained poverty stricken, the high classes maintained being wealthy (Green). Gold in the Spanish Empire was generally traded to the upper class nobles and affected them in a positive manner, but again left the lower classes poor (McAlister). At one point the Spanish Empire was arguably the wealthiest empire due to silver mining of 150,000 tons of silver trade, yet the influx of silver caused the price of the silver to worth a fraction of what is once was (Green). Spain only experienced a glimpse of wealthiness and unfortunately experienced more times of hardship as a result of trade. Despite, Spain declining economically, they became more diverse culturally as a result of more people living in their empire. Religiously, Spain had more followers of Christianity as a result of Spanish conquests and the encomienda system (Cracking the Ap World History Exam). In all, though Spain experienced a glimpse of success it could have been experience even more. Thought the empire declined and became very unstable, Spain exhibited a monumental impact on the