USA HISTORY

FIRST CONTACTS 28000 BCE 1821 CE

SPANISH COLONIES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How did the Spanish Colonies get rich?
A
Fur Trade
B
Gold
C
Agriculture
D
None of the above
Explanation: 

Detailed explanation-1: -Digital History. Spain grew rich from the gold and silver it found after conquering native civilizations in Mexico and South America. However, conflict with Indians and the failure to find major silver or gold deposits made it difficult to persuade settlers to colonize there.

Detailed explanation-2: -After subjugating the Aztec and Inca Empires, the Spanish began mining the ample gold and silver in Mexico, Central America, and South America. Over the next 300 years, Spain’s wealth grew as they plundered the resources of the Americas, transporting the goods back to Europe to fuel a global economy of trade.

Detailed explanation-3: -The Spanish Golden Age By 1600, Spain had reaped substantial monetary benefits from New World resources. Gold and silver began to connect European nations through trade, and the Spanish money supply ballooned, which signified the beginning of the economic system known as capitalism.

Detailed explanation-4: -How did Spain become so wealthy in the 1500s? The Catholic Monarchs’ rule and their reforms made Spain one of the most prosperous economies in Europe and the center of a sprawling empire. The colonisation of the Americas and the Philippines with their untold wealth further bolstered Spain’s economy.

There is 1 question to complete.