What was the effect of gold and silver coming from its vast empire made Spain incredibly wealthy?

Cause: The gold and silver coming from its vast empire made made Spain incredibly wealthy. Effect? Effect: Spain built a powerful army and navy, and its monarchs and nobles became patrons of artists, leading to a golden age in arts.

What are the two reasons for the severe inflation that occurred in Spain?

Inflation in Spain had two main causes. First, Spain’s population had been growing. As more people demanded food and other goods, merchants were able to raise prices. Second, as silver bullion flooded the market, its value dropped.

How Philip was a typical absolute monarch?

Philip II, as head of the government of Spain, believed in the divine right of monarchs and used this to justify a number of immoral and illegal acts, such as ordering murders. Philip developed a system of regional self-government with viceroys answering to him and he ruled as an absolute monarch.

What is the significance of England’s defeat of the Spanish Armada?

What is the significance of England’s defeat of the Spanish Armada? The significance of England’s defeat of the Spanish armada was that it ended Spain’s domination of the Atlantic. Why did the Dutch revolt against Spain? Because Philip raised taxes and took steps to crush Protestantism.

What was the impact of silver on the Spanish Empire?

The silver produced lit- tle economic growth in Spain because the monarchy wasted its share in a vain attempt to preserve Catholic and Habsburg hegemony in Europe, and Spaniards remained satisfied to purchase manufactures from abroad rather than developing domestic industries.

Why did the Spanish economy faltered?

Although during Philip’s reign Spain was at the height of its power and influence, its wealth was illusory and soon to fall into rapid decline. Philip’s excessive expenditure had made the economic foundations of Spain very fragile. This was added to by other factors such as plagues, bad harvests and population growth.

Why didn’t Spain’s economy benefit from the gold and silver from the Americas quizlet?

Why didn’t Spain’s economy benefit from the gold and silver from the Americas? They had to send all the money back to pay their debts. How was Philip typical of an absolute monarch? He believed in divine right- God created the monarchy to act as a representative of God.

How did Louis control the nobles?

He separated power from status and grandeur: secured the nobles’ cooperation. Louis XIV required the nobles to live at the palace. This was like an opulent prison because Louis XIV required them to live there for part of the year. It weakened the nobles by accustoming them to opulance and decadent activity.

What effect did the English defeat of the Spanish Armada have on England’s reputation quizlet?

What effect did the English defeat of the Spanish Armada have on England’s reputation? England gained respect for defending itself and became know as a mighty power and defender of Protestantism.

Why is the Spanish Armada important in history?

Why is the 1588 battle with the Spanish Armada so famous? The Armada is famous because at that time England was a small nation with a little navy and they were facing the greatest power in the world (Spain). They defeated Spain, with help from Mother Nature. It marked the beginning of England’s mastery of the seas.

How did Spain benefit from silver?

Spaniards at the time of the Age of Exploration discovered vast amounts of silver, much of which was from the Potosí silver mines, to fuel their trade economy. Potosí’s deposits were rich and Spanish American silver mines were the world’s cheapest sources of it.