Describe the problems of the Spanish economy in the sixteenth century. Why did a state that extracted such wealth from the Americas have such a poor domestic economy?
A Coggle Diagram about Primary source: Mckay (Secondary: Expulsion of the Moriscos, 1609, Secondary: Alhambra Decree, 1492 and The Economist, June 9 2015), Catholic Rulers (Edict of Expulsion and Expulsion of the Moriscos), Discovery of the Americas, Government Debt (Financed wars of Religion), Thesis: The simultaneous discovery of the vast resources and wealth of the Americas and the expulsion of the Jews, and later the Moors, set up the dangerous situation of a growing population without the industry to support it. Government debt left over from the wars of religion and a lack of immediate action to control prices exacerbated this problem, and after the government was forced to default multiple times, the Spanish economy was left in ruins - ending the Spanish Golden Age. and By Connor Bergman, Zachary Ravn, Nick Schneider, and Dante Komater