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A-level History > Spanish Economy > Flashcards

Spanish Economy Flashcards

(50 cards)

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1
Q

What was Alcabala?

A

Tax on exports and imports

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2
Q

How much of Philip’s revenue was made up by alcabala?

A

80%

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3
Q

What was Millones?

A

Tax on luxury foods such as oil, meat and some bread

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4
Q

When was Milliones enacted?

A

1589

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5
Q

How much revenue did Milliones bring in?

A

8 million

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6
Q

What was excusado?

A

Tax on church property

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7
Q

When was excusado introduced?

A

1567

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8
Q

What was subusidio?

A

Tax on church income

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9
Q

When was subsidio made permanent?

A

1561

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10
Q

How much did Cruzada increase by during philip’s reign?

A

It quadrupled

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11
Q

What was Juros?

A

Borrowing money from nobility but had to pay back with interest

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12
Q

How much of Philip’s revenue was generated through the New World?

A

1/5 or 65 million ducats by 1568

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13
Q

Who were exempt from Income tax?

A

Nobility and clergy

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14
Q

Who had to pay income tax?

A

Peasantry

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15
Q

Who were the Genoa’s and the Fuggers?

A

Rich families who loaned money to Charles and Philip

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16
Q

What were Asientos?

A

Loans given by the Genoa and Fugger family

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17
Q

Who stole the Genoese Loan?

A

The British - Francis Drake

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18
Q

Who supplied the Genoese loan?

A

The Genoa family

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19
Q

What were Philip’s expenses?

A
  • War
  • Dutch
  • Armada
  • France
  • The Low Countries
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20
Q

How much did Philip spend on the Dutch in 1571?

A

18.5 million

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21
Q

How much did Philip spend on the Armada per month and for how long?

Study These Flashcards
A

900,000 ducats per month for 3-4 years (1585-88)

22
Q

How much money did Philip spend fighting with France in the 1580s and 1590s?

23
Q

How much did Philip spend on the Low countries and when?

Study These Flashcards
A

21 million in 1590s

24
Q

What were Philip’s debts?

Study These Flashcards
A
  • inherited from Charles
  • repayments
  • juros
25
How much debt did Philip inherit from Charles?
20 million from Charles
26
How much debt was Philip in by 1598?
85 million
27
How much did Philip have to repay each year?
5.5 million ducats
28
How much did Philip have to repay in Juros?
50 million ducats
29
What was wrong with the council of finance?
- lacked expertise and experience - No central branch across the empire - No centralised currency - Took time and was dangerous to move money across the empire
30
What were Charles' expenditures?
- War - Ottomans - Against France in Italy - Debt - Imperial Election
31
How much did Charles spend on the Ottomans and France?
5 million
32
How did Charles source the money to fund the fight against the Ottomans and French in Italy?
He borrowed it
33
What did Charles rely on to pay for most of his expenditure?
36-65% of his expenditure was payed for with Juros
34
How did Charles fund the imperial election?
From Castile and Aragon 600,000 from Castile and 250,000 from Aragon
35
Where did Charles receive his income from?
- Alcabala - Cruzada - Subsidio - Servicio
36
How much of the crown's revenue was Alcabala during Charles' reign?
7.5%
37
How much did Charles receive a year from cruzada?
120,000 ducats
38
What were Isabella and Ferdinand's income during their reign?
- Cruzada - Alcabala - Cortes - Tax - Tithes - Military Orders - Granada - Jews
39
How much money did Isabella and Ferdinand generate from Cruzada?
112 million
40
What percentage of the crown revenue under Isabella and Ferdinand was from Alcabala?
80-90%
41
How did Granada generate money during Isabella and Ferdinand's reign?
There was higher taxes on Muslims
42
How did the Jews create income during Isabella and Ferdinand's reign?
Confiscated Jewish property once expelled
43
What was Isabella and Ferdinand's expenditure?
- Granada - France - Ambassadors - Royal Household - North Africa - Marriage - War of succession - Mesta
44
How much did Isabella and Ferdinand spend on Granada and France?
500 million ducats
45
How much did Isabella and Ferdinand spend on Ambassadors and the Royal Household?
35 million ducats
46
What were the Mesta?
The powerful organisation that controlled the movement of sheep across the iberian peninsula, defended and promoted the interests of the wool trade
47
How much of the population were represented as peasantry under Isabella and Ferdinand?
95%
48
How much income did Charles receive from the church in 1532?
372,000 ducats
49
How much did Charles make from the Church in 1551?
500,000
50
Who payed cruzada?
Laity and Clergy

A-level History (14 decks)

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