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How did gold and silver mining in north and south america impact spain's economy?

How did gold and silver mining in north and south america impact spain's economy?
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How did gold and silver mining in north and south america impact spain's economy?

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User Swapab
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The effect of such a large influx of precious metals would have a profound effect on any Economy. The Spanish Crown spent a lot on their Military which had a limited gain for their Economy.
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User Tom Fast
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Spain acquired a great deal of wealth because the gold and silver were sent to Spain.

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User Nikolas Rieble
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