How much gold did the Spaniards take from South America?

sparky

Ad Honorem
Jan 2017
4,528
Sydney
#21
.
The school was trying to free itself of medieval thinking , which was a proponent of a static economy ,
Spain was the first country to experience a drastic change in inflation , measurable within a person lifetime
this was a crisis since revenues , levies and taxes were set at a constant value with the result that many aristocrats got poorer
while those paying them ferociously resisted attempt to increase them
there was not much Free market , many professions were hereditary ,
from the highest to the lowest each occupation or status had age old privilege attached to them
there was a constant crisis between the Crown and local authorities , none more virulent that the subject of right to tax

on top the church enforced a ban on "usury" which was widely avoided by many tricks
however it made money dealing more expensive and complicated
 

martin76

Ad Honorem
Dec 2014
6,355
Spain
#22
.
The school was trying to free itself of medieval thinking , which was a proponent of a static economy ,
Spain was the first country to experience a drastic change in inflation , measurable within a person lifetime
this was a crisis since revenues , levies and taxes were set at a constant value with the result that many aristocrats got poorer
while those paying them ferociously resisted attempt to increase them
there was not much Free market , many professions were hereditary ,
from the highest to the lowest each occupation or status had age old privilege attached to them
there was a constant crisis between the Crown and local authorities , none more virulent that the subject of right to tax

on top the church enforced a ban on "usury" which was widely avoided by many tricks
however it made money dealing more expensive and complicated
I agree with most of you save, but I would like to add that

The School was the first Economic School in the World.. they told about free-market in 1517... two years sooner Cortes begun the conquest of Mexico and the same year of the begining of Protestant Heresy.
About the crisis in Spain, the Crown lived far from the home crisis devasted France, HRE, England... etc. By other side I agree, it was a closed estate society but with higher dinamism than in Europe...as it is proved by the Conquistadores.. most of them Hidalgos (Low Nobility) and some of them... from the humble social strata as Pizarro (Pig keeper before being soldier) or Almagro.
 

sparky

Ad Honorem
Jan 2017
4,528
Sydney
#23
the development of economic though is a fascinating subject , well worth its own thread
roughly speaking its devlopment followed closely on the development of a trading society
the drama of Spain was that incredible wealth came in a context of late medieval thinking with crisis against
1- the Turks
2- the French
3- the dutch rebels
4- the heretics both domestic and foreign , with the Inquisition rough hand and Papacy being the worst of ally
5- trouble in Hungary
6- a world empire which was marginally ungovernable from a fractured Germany to mayhem in the Atlantic Main
7- promotion of the true faith by the word and the sword

all those problems overlapped and clashed in a matrix of cold realism mixed with haughty honor ,
clinging to principles well beyond Spain ability to pay for it in men and species
 
Likes: bboomer