Question

the spanish empire began a precipitous decline because: question 15 options: 1) its citizens failed to pay taxes. 2) it focused on the well-being of natives. 3) it could never compete militarily with england. 4) the roman catholic church required the nation to adhere to a vow of poverty. 5) it became overly dependent on extraction of wealth.

Answer 1

Because it 5) grew too reliant on wealth extraction, the Spanish empire fell apart quickly.

Between 1492 and 1976, Spain and its forerunner nations ruled a colonial empire known as the Spanish Empire, sometimes the Hispanic Monarchy or the Catholic Monarchy.

Instead of increasing and stabilizing Spanish dominance in the New World, the Spanish Empire became unduly dependent on wealth extraction. The Dutch Revolt, tax increases, and exporting goods to nations that made Spain's adversaries wealthy all contributed to the country's decline.

the terrible long-term inflation and hyperinflation brought on by the influx of New World silver into the Spanish economy starting around 1530. Spain's economy had a chain reaction as a result of this one economic issue, which finally ruined its wealth and sparked Spain's long-term collapse.

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