Finance and Economy Flashcards
how did royal income change?
F+I raised their sources of income
what was the financial situation in 1479?
Isabella inherited a disastrous financial situation in 1479
how did crown income change between 1474 and 1510?
1474 - 11m maravedis
1496 - 296m maravedis
1504 - 315m maravedis
1510 - 320m maravedis
what can financial stability be linked to?
royal power e.g. corregidores
what was one of the main jobs of corregidores?
collect taxes
how did the number of corregidores increase between 1476 and 1516?
1476 - 44 towns had corregidores
1494 - 54 towns had corregidores
1516 - 64 towns had corregidores
what does the increasing number of corregidores correspond to?
improving royal finances
how much of normal tax income came from alcabala?
90%
who did F+I increase taxation over?
the church
when was the tercias reales granted? what was it?
- 1494
- received 2/9 of tithes collected by church
when did they start collecting cruzada?
1484
what happened as their power over the church increased?
income increased
how much did the Santa hermandad raise in 1480s?
30m maravedis
how much money did they get from military orders?
26m maravedis from Santiago and calatrava
how did spending change?
spending increased significantly
how did Ferdinand seek to encircle France?
via marriage alliances = expensive
how much was the marriage contract between Catherine of Aragon and Prince Arthur?
60m maravedis
between 1500-1504, how much was spent on Naples campaign?
360m maravedis
how did Aragon differ from Castile?
- aragon raised far less than Castile
- aragon a poorer region whilst Castile was a superpower
why did aragon raise less money than Castile?
far harder to manage politically and harder to get tax due to fueros
how did use of juros affect Spain?
good short term, but left Spain in financial debt in the long term
how much was spent by 1516 on juros interest payments?
131m maravedis/yr
how did the topography of Spain affect the economy?
didn’t have enough farmland to supply food and Spanish agriculture was backward due to fact Spain was very mountainous
how did Spanish farmers not help themselves?
weren’t innovative - didn’t experiment with new crops new methods
what were spanish farmers urged to do in 1494?
switch to a three-field rotation from a two-field rotation but they didn’t
what opportunity did nobles have to improve farming?
had oppourtinty to bring rice into the country, which would have majorly helped farming, but they were lazy and chose not to
what did nobles invest in instead of farming?
juros
what Spain a unified country?
no. it was five different countries
how did the lack of political unity affect the economy?
no complete political unity, so no one economic policy
what were between borders?
customs posts
what was set up in seville in 1503?
casa de contracion
how did casa de contracion help seville?
- everything going through new world had to go through it
- anything coming back from new world had to be registered in seville
how did seville fare?
population and economy grew in seville
what was Andalusia like?
had most fertile land and was a strong farming region
how did Andalusia benefit from the new world?
farmers and peasants turned land into cash crops for the new world
how was Aragon economically backwards?
- cut out of new world trade
- coast of Valencia targeted by pirates
what industry was particularly successful?
wool industry
what was the mesta?
sheep guild
where was the centre of the wool trade?
- burgos
- successful city - sold wool to LC
which cities sold wool to rest of Europe?
Santander and coruna
what did nobles do to sheep farming in 1499?
expanded sheep farming as they could make money from it
what did Isabella tax the sheep guild with?
servicios y montazgo
