3 years ago

Why did the Spanish economy begin to decline despite the influx of silver?

Advanced Placement (AP)

1 answer:

KatRina [158]3 years ago

3 0

Answer:

Explanation:

The Spanish economy began to decline because they had never set tax rates on silver and only began doing so sixty years after its discovery, when the money was worth less than before. Along with this, Spain borrowed money from other countries which they could not pay back due to rebellions.

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