This is what was taken from the new world just up to 1600. Did the discovery of the Americas and its riches made Europe the dominant power in the world?
181000 kilos of gold and 7000000 kilos of silver
It certainly destroyed the Spanish economy, which was nice.
no, it actually had a net negative effect on the spanish economy: they went from raking in foreign gold supplies to being vastly in debt
it basically confirmed that mercantilism was a bad idea
if all that gold didn't make native americans the dominant power in the world then why would it have made europeans the dominant power?
No, Europe had already been on the road to becoming a dominant power at the point it was able to travel halfway across the world and completely and utterly rape natives and their resources.
the gold and silver helped but it was mostly the other resources like tabacco and sugar to trade that made europe rich. so yes the discover of the americas is the reason europe isn't currently a total shithole
Gold and silver are purely ornamental or at best useful as currency media.
You can't eat gold.
Potatoes and corn were more important.
the english capitalized the industrial revolution with brazilian gold via trade with Portugal
No. The Industrial Revolution did.
They still teach this crap in Brazilian schools?
no because inflation
Europe was already far in advance of most of the world by the end of the 15th century, the age of exploration was more an effect of this technological advances and the economic benefits of colonialism were minimal until the 18th century.
for the English, they mostly wanted to dump the poor people clogging up their cities off to someplace else. it worked out pretty well until they saw how much cash the Spanish were getting, so they started taxing the Americans. I'd say that whole thing kinda blew up in there face pretty bad.
the french and Russians pretty much gave up after they did the math and found it not worth the hassle anymore.
the Spanish did well, but they were obsessed with looting the place dry to maintain the shit back home. once the flow of gold stopped, they were left in real trouble.
The gold and silver specifically were only a temporary benefit and one that the spanish in particular wound up misusing to their detriment. The true boon of the discovery of the americas was in giving European nations two whole continents to expand into and exploit.
No but it paved the way for
C A T H O L I C A E S T H E T I C S
a serious bullionist argument
Adam Smith would like a word with you
They should melt that down and return it to Peu.
It was sugar, that turned out to grow well on caribbean islands, that made them rich.
More like Spain a dumb dumb.
Did the discovery of the Americas and its riches made Europe the dominant power in the world?
Of course not. The guns and ships did that, which is how they were able to take the gold and silver.
You can't eat gold.
Yes you can.
Turns out gold is actually delicious.
Fuck of Crassus
If that was the case Spain should be the wealthiest European country. In fact it was quite poor until the 1950s. All that gold ruined their economy with massive inflation.