Spain's economy didn't benefit from the gold and silver from the Americas because although it did make Spain wealthy for some time, it caused the value of their money to drop and as the demand of physical elements increased, so did prices (inflation) causing Spain's economy to fail
with its dick
One characteristic of a centrally planned economy is a steady money supply that is backed usually by gold or silver. This economy is moderated by the state in order to control availability.
Britain's rationale for enacting the Currency act of 1764 was to support British merchants, and therefore benefit the British economy. And also to increase the gold and silver reserves in Great Britain, which were running very low on this nonpaper money currency.
Silver has a value, weatheras the paper that we use for money is actually worthess - it's credit. Therefore, the more silver and gold that you have, the more substance you have that actually has some worth!
Peru has a good economy. Peru exportspetroleum zinc, silver, lead, tin, copper, iron ore, gold ,cement, cotton, sugar, rice, and coffee
Initially Europeans explored the Americas in search of gold, silver and precious stones.
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Americas silver is running low
Since the economy was based on gold and silver, the economy could not grow. It was stymied because of the lack of gold and silver...
kushans
The Spanish wanted riches such as gold and silver.
The Spanish wanted riches such as gold and silver.
for the gold of the Americas
England has gold and silver stuff.
Some of the results of the Spanish Armada were the Spanish economy was in trouble. The gold and the silver that Spain received from the Americas caused high inflation.It signaled the decline of great European power. It also caused Spain's economy to crash. This defeat proved that England had the power to defend itself. And in the end, England remained an independent and Protestant nation.
Spain since they had the most slaves and laborers to mine the gold and silver
the influx of gold and silver from the Americas