How did gold and silver mining in north and South America impact Spain's economy?

1 Answer
aielliot
Aug 2, 2016

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.

Explanation:

The reddit link below has some information. Care should taken as some information is not cited. There is a table of amounts.
https://www.reddit.com/r/AskHistorians/comments/2d2z3e/how_did_the_gold_and_silver_spain_brought_from/

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