The Spanish Economy Quiz

Philip II centralized the Spanish government with councils like the Council of State for policy, the Council of War for military matters, and the Council of Indies to manage colonial affairs.

The population of England and Wales rose significantly due to factors like improved farming, earlier marriages, and fewer plagues, leading to a boom in population.

The Spanish economy relied heavily on exports, particularly precious metals like silver, lead, and iron, as well as wool. It also imported goods like wine, oil, European grain, and clothing.

The Council of Indies was a specialized body within Philip II's centralized bureaucracy that oversaw colonial administration and developed local regulations for the colonies.

The Spanish term 'polonia' referred to imported goods like wine, oil, European grain, shoes, and clothing that supplemented their export-focused economy.

The Spanish crown received approximately 10% of the wealth from its colonies, primarily from the silver mines in Mexico and Potosi. This revenue was used to finance further expansion and military endeavors.

The Potosi silver mines in Bolivia played a crucial role in the influx of wealth into the Spanish Empire, contributing significantly to its economic and political power.

The Spanish nobles initially resisted involvement in trade, but later embraced it as it became increasingly advantageous in the 18th century. This shift reflected the growing importance of commerce for the Spanish economy.

The rise of silver mining in Mexico and Potosi led to a surge in demand for labor, contributing to the transatlantic slave trade as a source of manpower.

The Spanish Empire implemented a centralized bureaucracy, including the Council of Indies, which oversaw colonial administration and established local rules (distancias) to manage colonial affairs.

The Spanish monarchy sought to consolidate its power by centralizing authority, developing a bureaucracy, and suppressing rebellions. This strategy aimed to ensure stability and control over the vast empire.

The Spanish economy relied heavily on exports of resources and agricultural products, particularly wine, olive oil, and wheat, while importing goods such as shoes and clothing.