Spanish Gold Decline
Spanish Gold Decline offers a compelling analysis of how Spain''s Golden Age was paradoxically undermined by its vast colonial wealth. The book argues that the influx of gold and silver from the Americas triggered hyperinflation, rendering Spanish goods uncompetitive and hindering domestic industry. The Spanish crown''s reliance on colonial riches also disincentivized crucial economic reforms. The...
Spanish Gold Decline offers a compelling analysis of how Spain''s Golden Age was paradoxically undermined by its vast colonial wealth. The book argues that the influx of gold and silver from the Americas triggered hyperinflation, rendering Spanish goods uncompetitive and hindering domestic industry. The Spanish crown''s reliance on colonial riches also disincentivized crucial economic reforms. The...
