WHY WAS THE WEALTH THAT SPAIN ACQUIRED FROM THE NEW WORLD CONSIDER...

38) - TEST BANK FOR AMERICAN STORIES A HISTORY OF THE UNITED STATES 3RD EDITION BY BRANDS
TEST BANK FOR AMERICAN STORIES A HISTORY OF THE UNITED STATES 3RD EDITION BY BRANDS
38) Why was the wealth that Spain acquired from the New World considered to be a mixed blessing? a. Spain was forced to send a large proportion of its population to the New World to help ship gold and silver back to Spain. b. The Spanish got wealthy from silver and gold in the New World, but lost most of their army and navy in battles with Native Americans. c. Spain only used the New World as a source of wealth; it did not consider establishing real settlements there. d. Great inflation for ordinary Spaniards resulted from Spain’s quick acquisition of its wealth. e. The Spanish who got wealthy very quickly did not know how to manage their wealth and lost it just as quickly. Answer: D Difficulty: 2 – Moderate Question ID: TB_01_38_Spain in the Americas_Understand_LO 1.4 Topic: Spain in the Americas Skill: Understand the Connections Objective: 1.4 How did Spanish conquest of Central and South America transform Native American cultures?