Silver and gold (Edexcel GCSE History): Flashcards
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12 cards from this deck
Impact of precious metals on Spain
Impact of precious metals on Spain
Transformed Spain into Europe's wealthiest power
Two main Spanish treasure fleets (names)
Two main Spanish treasure fleets (names)
Tierra Firme fleet and Nueva España fleet
Tierra Firme fleet destination
Tierra Firme fleet destination
South American mainland
Nueva España fleet destination
Nueva España fleet destination
Mexico (New Spain)
% of treasure to merchants & conquistadors
% of treasure to merchants & conquistadors
75%
% of treasure to Spanish royal treasury
% of treasure to Spanish royal treasury
25%
Spanish silver coins name
Spanish silver coins name
Pieces of eight or pesos
Years Spain fought France using silver funds
Years Spain fought France using silver funds
1542-1546
Effect of treasure on Spanish manufacturing
Effect of treasure on Spanish manufacturing
Less incentive to develop industries
Economic problem caused by silver abundance
Economic problem caused by silver abundance
Price inflation
When convoy system became established
When convoy system became established
1530s
When pieces of eight widely accepted in Europe
When pieces of eight widely accepted in Europe
1550s