162k views
4 votes
Why didn’t Spain’s economy benefit from the golf and silver from the Americans?

User Rithu
by
8.3k points

2 Answers

3 votes
Because the British weren’t intrested in sharing their wealth
User Mellisa
by
9.1k points
4 votes

Answer:

It caused inflation; it also did not go to buy Spanish goods but was used to buy foreign goods or to pay off foreign loans.

User Praveena
by
8.3k points

No related questions found