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- The staggering quantity of gold the conquistadors extracted from the Americas allowed Spain to become the richest country in the world. The thirst for gold to pay for armies and gain personal enrichment resulted in waves of expeditions of discovery and conquest from 1492 onwards.
www.worldhistory.org/article/2045/the-gold-of-the-conquistadors/
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Jul 25, 2022 · The staggering quantity of gold the conquistadors extracted from the Americas allowed Spain to become the richest country in the world. The thirst for gold to pay for armies and gain personal enrichment resulted in waves of expeditions of discovery and conquest from 1492 onwards.
- Mark Cartwright
In 2023, Spain had an account surplus of 3% of GDP, the best figure recorded since 2018, demonstrating that Spain had more exports and incoming payments than imports and outgoing payments to other countries.
The influx of gold and silver from the mines in Zacatecas and Guanajuato in Mexico and Potosí in Bolivia enriched the Spanish crown and financed military endeavors and territorial expansion. Another crucial element of the empire's expansion was the financial support provided by Genoese bankers, who financed royal expeditions and military campaigns.
The staggering quantity of gold the conquistadors extracted from the Americas allowed Spain to become the richest country in the world. The thirst for gold to pay for armies and gain personal enrichment resulted in waves of expeditions of discovery and conquest from 1492 onwards.
Jun 21, 2024 · The conquistadors extracted a staggering quantity of gold from the Americas, allowing Spain to become the richest country in the world. This wealth came from the Spanish colonization and exploitation of the New World.
- Shawna Wilson
In the 16th century, Spain achieved a position of dominance through her conquest of the Americas and her conquering of the Aztec and Inca Empires. Both empires had vast amounts of wealth which...
Feb 15, 2017 · The economic historian Eric L Jones called this ‘the States system’. The costs of European political division into multiple competing states were substantial: they included almost incessant warfare, protectionism, and other coordination failures.
