New World Benefits Flashcards
by 1556, how much silver had entered Spain from the new world?
11.9m ducats of silver
which areas of spain grew due to new world wealth?
seville and Andalusia
how did seville’s population grow between 1533 and 1559?
1533 - 30,000
1559 - 90,000
what allowed seville to have a monopoly on Spanish trade?
1503 casa de contracion
how did northern Castile benefit?
8% of transatlantic ships were built in northern Spain from 1520-40
why did Basque regions flourish?
Basque navigators were highly sought after
what opportunity did the new world present for Spanish?
chance of social mobility for spaniards
by 1556, how many spaniards had migrated to the new world?
150,000 many of them poor - alleviated pressures of a rising population
why were many spaniards enticed to go to new world?
- saw that Pizarro, who began as an illiterate labourer, had become one of the most famed conquistadors, enticed many of lower classes
- enhanced status of both Castile and Aragon
how did new world wealth attract foreigners?
huge wealth incoming from new world attracted foreign investments from bankers eager for silver e.g. fuggers
how did foreign investment benefit Spain?
- personal success for Chalres as he was able to extract money from New World resources and foreigners through loans
- superficially, allowed crown authority to extend as increasing revenue allowed Charles to pursue other goals e.g. FP
how could the new world benefit religion?
great to opportunity to spread and strengthen catholicism
how many conversions of native Mexicans were there by 1534?
4 million conversions
how did it help religious unity? why was this important?
- increased sense of religious purpose and unity as a nation
- from 1520s religious unity important as Spain became leader fighting against reformation in Europe
how did bullion negatively affect the economy?
had inflammatory impact on the economy
