Under the rule of Charles V,
A) foreign merchants and bankers took over important segments of the Castilian economy.
B) royal revenues considerably exceeded royal expenditures.
C) England was added to the Spanish empire through a dynastic alliance.
D) his objective of crushing the Protestant heresy in the Netherlands was achieved.

Question

Quizplus · Accepted Answer

Under Charles V, foreign merchants and bankers, particularly from Germany and Italy, indeed took over significant parts of the Castilian economy, capitalizing on the wealth flowing into Spain from its overseas empire. This was a period marked by the influx of silver from the Americas, which attracted foreign business interests.

Under the Rule of Charles V