Spanish Economy Flashcards
What were the primary activities?
The primary economic activities were agriculture and the manufacture of wool products.
Major seaport trading ports
Along the Mediterranean coast, Barcelona and Valencia were major seaports for importing and exporting goods.
What was the result of the black death?
Like other areas of Europe, after the first cycle of the Black Death, the population of Spain decreased. This resulted in a decline in both agricultural and manufacturing output.
Why did the Seaports suffer?
The seaports also suffered from labor shortages.
What happened by the 8th & 13th century?
Agriculture in Castile flourished. Olives, grapes, wheat, rice, and fruit were some of the main products
Why was agriculture limited?
The time Ferdinand and Isabella came to power, agricultural activities in Castile were limited.
Mesta
Powerful organization
Why did the economy in Spain suffer?
With little investment in agriculture or commercial efforts, the economy of Spain suffered.
What role did the nobility have in Spain’s poor economy?
The nobility did become involved in overseas trading when Spain established its colonies, but Spanish manufacturing could not produce enough products for both local use and export to the colonies.
How did Spain become one of the richest and most powerful countries in Europe?
Over time, huge amounts of gold and silver were exported back to Spain and it became one of the richest and most powerful countries in Europe.
Why did an influx of so much gold and silver have a negative effect on the Spanish economy?
Unfortunately, rather than improving the Spanish economy, the large influx of gold and silver eventually caused massive inflation in Spain and other parts of Europe.
What happened because of gold and silver?
Spain had more money than the number of goods available for sale, since it had not developed a commercial or manufacturing base. This caused an increase in the price of products.
