Why is Spain not the wealthiest country?

What was all the gold and silver taken from the americas spent on?
Did the random spanish villager benefited someway from the influx of treasure from the new world?

It was spent on crashing economy with no survivors.

It was spent on the American Revolutionary War.

They spent most of it trying to force Catholicism on the rest of Europe.

>What was all the gold and silver taken from the americas spent on?
Replacing all the gold and silver the Romans took

they blew it all like a chav lotto winner

they should have bought a house before blowing it all

they made gold churches

The crown was indebted to german bankers
At some time they even paid them with lands, actual Venezuela for example

Gold is only good for printing money, and printing money just devaluates the currency, a country is only rich if it produces something of value. The truth is that spain, unlike france and england, was a really poor country afflicted by war, internal strife, corruption and bad leadership

De daytsh yid keynmol loses aun aoykh ton nit arbet.

So all this was for nothing?

Columbus forced the Natives to work in gold mines until exhaustion. Those who opposed were beheaded or had their ears cut off.

In the provinces of Cicao all persons over 14 had to supply at least a thimble of gold dust every three months and were given copper necklaces as proof of their compliance. Those who did not fulfill their obligation had their hands cut off, which were tied around their necks while they bled to death—some 10,000 died handless.

Got to get those lazy indians to work.

nah they were legit germans

Reminds me of someone in the 19th century but I can't put my finger on it... Someone give me a hand

hint

...

...

>Tons of Gold
>A hell of inflation

Frankly, what do you expected?

Corruption.
most spanish officials back then are corrupt and used to steal gold from the treasury for their own or familys interests. It is widespread trough the colonies, and is still being practiced there.
>t. living in a former spanish colony

>a country is only rich if it produces something of value
Or loots from other countries. War booty propped up Rome and the Charlemagne

>Did the random spanish villager benefited someway from the influx of treasure from the new world?

Quite the opposite!

(((german bankers)))

Time to melt that shit down.

The gold and silver caused Spain's economy to overheat, it actually caused an economic bubble, which eventually popped, since the value of the gold suddenly shifted to its quantity, causing a massive drop in its value in Spain, ruining many investors. Money was lent at virtually 0% interest, since it was so abundant, which caused a lot of loans to be taken out, and a lot of people to borrow money to invest in things, and more and more, until eventually the debt came due and a lot didn't pay up.

Too much money, too fast, screws the economy. If the U.S. paid back China all we owed in a day, they would have massive problems.

Hahahahahahahaha well memed boys!!!!!!

>Printing money back then with the printing moneys laser machine

Significant amounts of precious metals didn't begin to arrive until the second half of the XVI, when the silver mines of Mexico and Potosí were put to use. Interestingly coincides with the best period of Spanish Hegemony (late XV, first half of the XVI- little precious metals shipped over) and the beginning of the strifes (second half of the XV-the beggining of the massive shipments of silver and also the wrecking of the castillian economy through inflation and unbearable taxation)

>mfw ransom last self-determinant meso-american king for a room full go gold, receive gold, and then execute king anyway

Not going to talk about Columbus's greatest achievement and why he's an Honorable man even if some radical liberal calls him racist or whatever.

The silver ended up in China where it was used by the Ming for remonetisation.