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Why was the gold and silver from the new world unable to halt spain’s economic decline in the 16thand 17th century?

Why was the gold and silver from the new world unable to halt spain’s economic decline in the 16thand 17th century?
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Why was the gold and silver from the new world unable to halt spain’s economic decline in the 16thand 17th century?

User Saomi
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GOLD AND SILVER: SPAIN AND THE NEW WORLD ... both military and economic, had been largely directed toward the Mediterranean for centuries, and this ...
User Enenen
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