184k views
1 vote
How did the Spanish get wealth from its new lands?

User Job
by
5.0k points

1 Answer

7 votes

Answer:

Step-by-step explanation:

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.

User Bill Shiff
by
5.0k points