The Spanish Economy Quiz

What significant action did Charles take regarding taxation during his rule?

What significant event occurred in 1554 during Charles's reign?

Which council was part of Philip II's centralized bureaucracy?

What factor contributed to the population growth in England and Wales by the 1590s?

What was a primary export of the Spanish economy during this period?

What was the primary natural resource mined in Potosi that significantly contributed to the Spanish economy?

Which region of Spain was recognized for its agricultural production of wheat, olives, and wine?

How did the Spanish nobles' attitude towards trade change over time?

Which council was specifically responsible for overseeing colonial administration in the Spanish Empire?

What was a significant demographic trend in England and Wales during the 1500s?

What was a major reason for the economic focus on an export economy in Spain?

Which materials were brought into Spain from other regions to support their economy?

What was one of the outcomes of Charles's decision to suspend supplementary taxes?

The Spanish Economy

Spanish colonies generated approximately 10% of royal income.
Mexican gold and Potosi silver mines were crucial sources of wealth.
Silver refining tripled the silver yield.
Mules transported silver from Potosi to ports (12,000 ft elevation)
The sea voyage took months.
Proceeds from silver financed African slave trade.
Northern Spain (Catalonia) had farmers and fishermen.
Southern Spain (Andalusia and Granada) produced wheat, olives, and wine.
Terraced hillsides were used for vineyards and olive groves.
Spanish nobles were involved in trade before the 18th century
Export of Spanish goods to colonies was significant.
Royal revenue came from taxes on commerce and manufacturing.
Taxes were imposed on imported goods and exports.
Movement of sheep through mountain passes required payments.
Imports of foreign goods were restricted(tariffs).
Colonization led to development of cities by shipping colonial goods.
Challenges existed, including revolts like the Comuneros revolt in 1520.
There were royal councils and councils of state.
Local rule was practiced in the colonies by collaboration with native rulers/leaders.

Demographic and Economic Expansion

16th century Spanish population growth was notable.
England and Wales populations grew from 2.5 million to 4.5 million.
Improved farming practices and new crop introductions.
Increased marriage rates and childbirth influenced growth.
Epidemics and disease decreased in frequency.
Migration from rural areas to cities occurred.
London's population increased significantly, reaching 375,000 in 1650.

Test your knowledge of the Spanish economy during the colonial period. Explore key factors such as trade, silver mining, agricultural production, and the impact of taxation. Understand how these elements shaped both Spain and its colonies.