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F+I > Finance and Economy > Flashcards

Finance and Economy Flashcards

1
Q

how did royal income change?

A

F+I raised their sources of income

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2
Q

what was the financial situation in 1479?

A

Isabella inherited a disastrous financial situation in 1479

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3
Q

how did crown income change between 1474 and 1510?

A

1474 - 11m maravedis
1496 - 296m maravedis
1504 - 315m maravedis
1510 - 320m maravedis

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4
Q

what can financial stability be linked to?

A

royal power e.g. corregidores

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5
Q

what was one of the main jobs of corregidores?

A

collect taxes

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6
Q

how did the number of corregidores increase between 1476 and 1516?

A

1476 - 44 towns had corregidores
1494 - 54 towns had corregidores
1516 - 64 towns had corregidores

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7
Q

what does the increasing number of corregidores correspond to?

A

improving royal finances

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8
Q

how much of normal tax income came from alcabala?

A

90%

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9
Q

who did F+I increase taxation over?

A

the church

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10
Q

when was the tercias reales granted? what was it?

A
  • 1494

- received 2/9 of tithes collected by church

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11
Q

when did they start collecting cruzada?

A

1484

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12
Q

what happened as their power over the church increased?

A

income increased

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13
Q

how much did the Santa hermandad raise in 1480s?

A

30m maravedis

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14
Q

how much money did they get from military orders?

A

26m maravedis from Santiago and calatrava

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15
Q

how did spending change?

A

spending increased significantly

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16
Q

how did Ferdinand seek to encircle France?

A

via marriage alliances = expensive

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17
Q

how much was the marriage contract between Catherine of Aragon and Prince Arthur?

A

60m maravedis

18
Q

between 1500-1504, how much was spent on Naples campaign?

A

360m maravedis

19
Q

how did Aragon differ from Castile?

A
  • aragon raised far less than Castile

- aragon a poorer region whilst Castile was a superpower

20
Q

why did aragon raise less money than Castile?

A

far harder to manage politically and harder to get tax due to fueros

21
Q

how did use of juros affect Spain?

A

good short term, but left Spain in financial debt in the long term

22
Q

how much was spent by 1516 on juros interest payments?

A

131m maravedis/yr

23
Q

how did the topography of Spain affect the economy?

A

didn’t have enough farmland to supply food and Spanish agriculture was backward due to fact Spain was very mountainous

24
Q

how did Spanish farmers not help themselves?

A

weren’t innovative - didn’t experiment with new crops new methods

25
Q

what were spanish farmers urged to do in 1494?

A

switch to a three-field rotation from a two-field rotation but they didn’t

26
Q

what opportunity did nobles have to improve farming?

A

had oppourtinty to bring rice into the country, which would have majorly helped farming, but they were lazy and chose not to

27
Q

what did nobles invest in instead of farming?

A

juros

28
Q

what Spain a unified country?

A

no. it was five different countries

29
Q

how did the lack of political unity affect the economy?

A

no complete political unity, so no one economic policy

30
Q

what were between borders?

A

customs posts

31
Q

what was set up in seville in 1503?

A

casa de contracion

32
Q

how did casa de contracion help seville?

A
  • everything going through new world had to go through it

- anything coming back from new world had to be registered in seville

33
Q

how did seville fare?

A

population and economy grew in seville

34
Q

what was Andalusia like?

A

had most fertile land and was a strong farming region

35
Q

how did Andalusia benefit from the new world?

A

farmers and peasants turned land into cash crops for the new world

36
Q

how was Aragon economically backwards?

A
  • cut out of new world trade

- coast of Valencia targeted by pirates

37
Q

what industry was particularly successful?

A

wool industry

38
Q

what was the mesta?

A

sheep guild

39
Q

where was the centre of the wool trade?

A
  • burgos

- successful city - sold wool to LC

40
Q

which cities sold wool to rest of Europe?

A

Santander and coruna

41
Q

what did nobles do to sheep farming in 1499?

A

expanded sheep farming as they could make money from it

42
Q

what did Isabella tax the sheep guild with?

A

servicios y montazgo

F+I (9 decks)

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