Spain: commercial rivalry (Edexcel GCSE History): Flashcards

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Spain: commercial rivalry
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When did Eng & Spain become commercial rivals?

1570s

Famous Eng privateer challenging Spain

Francis Drake

Spanish colonies providing wealth

Mexico and Peru

Resources shipped from Spanish colonies

Gold and silver

Year Elizabeth I knighted Drake

1581

Value Drake captured in 1572 raid

£10,000

Drake's circumnavigation years

1577-1580

Wealth from Drake's circumnavigation

£400,000

Dutch rebels Elizabeth supported

Sea Beggars

Year Spanish Netherlands went bankrupt

1580

Spanish king opposing Drake

Philip II

Spanish requirement for Americas trade

Must be licensed by Spain

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