Ch.5 The rise of Spain and England Flashcards
Economy Expansion and the rise of Spain The Rise of England The Decline of Spain
Spanish Armada
Spain’s great Navy
- 130 ships
- 30,000 men
- -destroyed by Sir Francis Drake
Price Revolution
A large rise in the Price of Living in Spain due to high inflation
- Spain brought in Silver and Gold but did not export it
- led to the economic decline of Spain
Bills of Exchange
- Basic form of checking, replaced precious metals, uniformly accepted
- Had the disadvantage that the account may be empty by the time the bill was cashed
- Used in the giro banking system
Joint-Stock Co.’s
- Sold shares in a business to raise funds
- Shareholders rule company, share profits
- Was a way to fund colonies in the New World
Ferdinand and Isabella
Married in 1469 and united the Spanish Empire
- Very CATHOLIC
- Aragon and Castile
Cortes
- Spanish “parliament”
- manly focused on taxes
Potosi
In Peru - 1545 - huge silver deposits discovered. Shipped back to Spain.
- financed expeditions of Philip II. Peruvian ores, Indian labor and Spanish management funded militant, anti-Protestant phase of counter-reformation.
Charles V
Hapsburg ruler of Spain from 1516-56. Elected Holy Roman Emperor in 1519. He defended the Hapsburg lands from the Ottomans and decided to split the Hapsburg Spanish and Holy Roman lands between his son, Philip II, and his broher, Ferdinand I
Philip II
Son of Charles V and a devout Catholic, he was the Hapsburg ruler of Spain from 1556-98. He led the Spanish Counter-Reformation but failed to invade Protestant England with his Spanish Armada.
Escorial Palace
Philip II Ultimate symbol of Power
-great palace
House of Tudor
The Tudor Dynasty was a European royal house of Welsh origin that ruled the Kingdom of England and its realms from 1485 until 1603.
The Tudor family rose to power in the wake of the Wars of the Roses.
Henry VII
Started the Tudor Dynasties rule in England
- Protestant
- -act of supremacy
- star chamber
- –BROKE UP WITH CATHOLIC CHURCH
Star Chamber
King Henrys VII secret official meeting room
- secret police
- forced compliance and arrested many people
Mary Stuart
Catholic relative to Protestant Queen Elizabeth I of England. She allegedly plotted with Spain’s Philip II to overthrow Elizabeth and reassert Catholicism in England. Elizabeth had her executed.
Elizabeth I
Queen of England from 1558 to 1603
- Set up National Church of England (anglican)
- Act of Uniformity/supremacy
- had MARY STUART killed (Catholic)