Isabella and Ferdinand: Economy Flashcards
Why did the Mesta refuse to collaborate with Castille?
They had a deal with the richer Genoese
I) Why did the Spanish Crown invite foreign workers to Spain in 1484?
II) What benefits were they offered?
I) The conversos leaving left a hole in the Spanish workforce
II) Exemption from taxes for 10 years
Give 3 reasons the economy in Grenada was so bad?
- 10 years of war with Castille
- Muslim emigration
- Loss of trade with North Africa
What caused the grain shortages by 1506?
The Crown granted the Mesta too much land, and so there was not enough grain being produced. This was following the 1501 Law of Land Lease
What promotion were the Mesta given in 1500
The Presidents were promoted to a senior position on the Royal Council
I) Who controlled Castilian Financial affairs?
II) Who was the head of this?
I) The Council of Finance
II) Alonso de Quintanilla
What was the increase in revenue between 1470 and 1504?
800,000 maravedis to 22 Million
I) What was the Alcabala tax?
II) who was exempt?
I) A tax on sales and purchases
II) The church and nobility
What percentage of the Crown’s revenue was from the alcabala tax?
Between 80% and 90%
Give 2 other sources of finance for the Crown
- Crown Lands
2. Custom duties on the movement of sheep
I) How much of the revenue came from New and Old Castile?
II) Give 2 reason for this
I) Over two thirds
II) 1. They housed important trading centres
2. It was harder to raise taxes in Aragon due to the separate Cortes’
Who were the arrendadores?
Tax Farmers
What was the revenue from the Cruzada tax by 1504?
112 million maravedis
What was the increase in fortresses between 1474-1492?
From 70-160
I) What was the Juros
II) What was its interest rate?
III) How much was this interest costing them by 1516?
I) Government Bonds
II) 10%
III) 131 Million maravedis
