The Spanish empire in the sixteenth century was funded largely by

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The Spanish empire in the sixteenth century was funded largely by gold and silver from the New World colonies. The discovery of vast amounts of precious metals in Mexico and Peru allowed Spain to become one of the most powerful nations in Europe, with a vast empire that spread across the globe. The wealth generated by the colonies helped fund Spain's military campaigns, support the royal court, and build grand architecture and public works projects.

The Spanish Empire in the Sixteenth Century Was Funded Largely