Spain benefited from the New World through the acquisition of valuable resources such as gold, silver, and precious gems, as well as the colonization of new territories that allowed for expansion and economic gain through trade and agriculture.
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Spain benefited greatly from the New World in a multitude of ways. One of the most significant benefits was the acquisition of precious resources such as gold, silver, and other precious gems. These resources were so abundant that Spain was able to establish mines and trade routes, making them very powerful in the global market. Historian Kenneth Pletcher wrote, “Vast quantities of gold and silver began to arrive in Spain from the New World, increasing the country’s wealth and enabling it to expand its military and political power in Europe and elsewhere.”
Another benefit for Spain was the opportunity for colonization of new territories. Spain was able to expand its colonies dramatically, with territories in North and South America, as well as the Pacific and Asia. This expansion allowed for economic gain through trade and agriculture. Spain was able to grow crops in the New World, such as tobacco, vanilla, and cocoa.
In addition, Spain was able to spread Christianity throughout the New World. Missionaries were sent to convert the indigenous people to Catholicism, thus increasing the power of the Church.
Here is a table summarizing some of the ways Spain benefited from the New World:
| Benefit | Explanation |
|---|---|
| Acquisition of precious resources | Spain gained abundant resources like gold, silver, and precious gems, increasing their wealth and power. |
| Colonization of new territories | Spain was able to expand its colonies dramatically, with territories in North and South America, as well as the Pacific and Asia. This expansion allowed for economic gain through trade and agriculture. |
| Spread of Christianity | Missionaries were sent to convert the indigenous people to Catholicism, thus increasing the power of the Church. |
Overall, Spain’s benefits from the New World were wide-ranging and long-lasting. As historian Felipe Fernandez-Armesto wrote, “The conquest of America was the greatest event in history.”
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The Spanish empire was largely responsible for the global spread of silver and runaway inflation, which negatively affected the lives of almost every human on the planet. The empire was founded in part due to the collapse of the Aztec and Inca empires, which had similar administrative structures and link between secular and religious power.
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By 1550 Spain had dominion over the West Indies and Central America and its large surviving native population. New World mines yielded gold and silver for Spain in far greater amounts than France and Portugal had ever been able to extract from West Africa.
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Did the exploration of the New World benefit Spain? Answer: The voyages of Christopher Columbus initiated the European exploration and colonization of the American continents that eventually turned Spain into the most powerful European empire.
People also ask, Why were the Spanish so successful in the New World?
Their Arms and Armor Made Them Nearly Unbeatable. The Spanish conquistadors had many military advantages over the New World natives. The Spanish had steel weapons and armor, which made them nearly unstoppable, as native weapons could not pierce Spanish armor nor could native armor defend against steel swords.
Furthermore, What did Spain export from the New World? Sugar and tobacco were grown throughout the Spanish Caribbean Basin. These consumer products were then exported for fabulous profits.
Beside above, How did Spain benefit from the age of exploration? Answer to this: Portugal and Spain
Spain sent over conquistadors to explore the Americas and to conquer the peoples there. Hernan Cortes conquered the Aztec Empire in Mexico and Francisco Pizarro conquered the Inca Empire in Peru. They made Spain rich with the gold and silver they found in the Americas.
One may also ask, How did the new world affect Spain?
Answer to this: By 1600, Spain had reaped substantial monetary benefits from New World resources. Gold and silver began to connect European nations through trade, and the Spanish money supply ballooned, which signified the beginning of the economic system known as capitalism. The new riches ultimately created mass inflation and economic distress.
One may also ask, What percentage of the New World Gold went to Spain?
Response will be: One researcher estimates that 10 to 15 percent of the New World gold intended for Spain never got there due to theft, piracy, or other mishap. Nonetheless, that leaves 85 to 90 percent that did make it, along with tons of silver, which began to be mined in quantity toward the end of the 16th century. Where did it go?
Regarding this, Why did the Spanish colonize Spain?
The response is: While they all shared a desire for wealth and power, their motivations for colonization differed somewhat, and thus the pattern and success of their colonies varied significantly. Spain was driven by three main motivations. Columbus, in his voyage, sought fame and fortune, as did his Spanish sponsors.
Why did the Spanish not treat their new world possessions kindly?
As an answer to this: The Spanish did not treat their New World possessions kindly. The conquistadors came to conquer new territories for power and riches. They overthrew the Inca and the Aztecs, plus a host of less-advanced civilizations. Spanish settlers came to make a fortune and return to Spain, not to stay in a new home.
Thereof, How did the new world affect Spain?
By 1600, Spain had reaped substantial monetary benefits from New World resources. Gold and silver began to connect European nations through trade, and the Spanish money supply ballooned, which signified the beginning of the economic system known as capitalism. The new riches ultimately created mass inflation and economic distress.
Similarly, What percentage of the New World Gold went to Spain?
The response is: One researcher estimates that 10 to 15 percent of the New World gold intended for Spain never got there due to theft, piracy, or other mishap. Nonetheless, that leaves 85 to 90 percent that did make it, along with tons of silver, which began to be mined in quantity toward the end of the 16th century. Where did it go?
Why did the Spanish colonize Spain? The answer is: While they all shared a desire for wealth and power, their motivations for colonization differed somewhat, and thus the pattern and success of their colonies varied significantly. Spain was driven by three main motivations. Columbus, in his voyage, sought fame and fortune, as did his Spanish sponsors.
Consequently, Why did the Spanish not treat their new world possessions kindly?
Answer to this: The Spanish did not treat their New World possessions kindly. The conquistadors came to conquer new territories for power and riches. They overthrew the Inca and the Aztecs, plus a host of less-advanced civilizations. Spanish settlers came to make a fortune and return to Spain, not to stay in a new home.