Spain in the New World: expansion, settlement and trade; impact of empire
During Philip II's reign, Spain controlled a vast empire in the Americas. That empire brought enormous wealth — but also created serious long-term problems for Spain.
Real World
The silver mines at Potosí (modern Bolivia) produced so much wealth that by the 1590s they funded virtually every Spanish military campaign — yet the resulting inflation, known as the 'price revolution', simultaneously undermined the Spanish economy at home.
Exam Focus
Always pair the benefits of New World wealth with its inflationary consequences; one-sided answers rarely reach the top mark band.
Essay Framework
Use PEEL to structure every paragraph. Tap each step for guidance and an example.
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