Solved

In What Way Did the Importation of American Bullion Negatively

Question 24

Multiple Choice

In what way did the importation of American bullion negatively affect the Spanish economy?


A) The apparent dependence of Spain on its bullion supply caused European bankers to avoid loaning money to the Spanish government.
B) American bullion made up nearly 90 percent of Spain?s state revenue, so that any disruption in the arrival of silver from America plunged the government into crisis.
C) The supply of bullion to Spain was highly irregular, so that the government could not accurately gauge its income or anticipate its expenditures.
D) The arrival of American treasure contributed to a sharp rise in prices and a general inflation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents