1B.3 The Spanish Economy and Society

• What were the three main sectors of Spain's economy in the 15th century?

  Agriculture, trade, artisanry
• Match the economic sector with its key region:

  Agriculture ↔️ Castile and Andalusia

  Trade ↔️ Seville and Barcelona

  Artisanry ↔️ Valencia and Toledo
• The three main economic sectors influenced the development of urban centres and regional specialties
• Seville and Barcelona were key trading ports
• In which regions was artisanry primarily located in 15th-century Spain?

  Valencia and Toledo
• Trade in 15th-century Spain included both local and international commerce.
• Order the key regions for agriculture, trade, and artisanry in 15th-century Spain:

  1️⃣ Castile and Andalusia

  2️⃣ Seville and Barcelona

  3️⃣ Valencia and Toledo
• What were the two precious metals discovered in the Americas that significantly impacted the Spanish economy?

  Gold and silver
• The influx of gold and silver from the Americas caused inflation
• Match the economic impact of the discovery of the Americas with its affected region:

  Increased Wealth ↔️ Seville and Cadiz

  Inflation ↔️ All regions

  Trade Expansion ↔️ Seville and Barcelona
• The Spanish mercantilist system encouraged export promotion to increase national wealth.
• How did Spanish mercantilist policies differ from other European nations?

  Focus on metal extraction
• In the 15th century, Spain's economy was based on agriculture, trade, and artisanry
• What were the three main economic sectors in Spain during the 15th century?

  Agriculture, trade, artisanry
• The agricultural sector in Spain during the 15th century focused on wheat, olives, and livestock
• Toledo was a key region for the manufacturing of ceramics and metalwork in 15th-century Spain.
• What did the discovery of the Americas bring into Spain that caused inflation?

  Gold and silver
• Match the economic impact of the discovery of the Americas with its description:

  Increased Wealth ↔️ Gold and silver imports boosted income

  Inflation ↔️ Rising prices due to increased supply

  Trade Expansion ↔️ New goods and markets stimulated trade
• The Spanish mercantilist system aimed to maximize wealth through the accumulation of gold and silver
• Arrange the key elements of the Spanish mercantilist system in a logical order:

  1️⃣ Export promotion

  2️⃣ Import restrictions

  3️⃣ Monopolization of colonial trade
• How did Spanish mercantilist policies differ from those of other European nations?

  Focused on precious metals
• Which region in Spain was known for olive production in the 15th and 16th centuries?

  Andalusia
• Livestock farming in 15th-century Spain was primarily located in the region of Extremadura
• The influx of gold and silver from the New World caused deflation in Spain.

  False
• Match the social group in 16th-century Spain with the impact of inflation:

  Merchants and Traders ↔️ Benefited from higher prices

  Wage Earners ↔️ Salaries failed to keep pace

  Nobility and Landowners ↔️ Rent incomes depreciated
• What was the primary role of the nobility in 16th-century Spanish society?

  Military leadership
• The majority of the Spanish population during the Age of Discovery belonged to the peasantry
• What were the key regions that thrived as major trading ports due to the discovery of the New World?

  Seville and Cadiz
• Inflation in Spain during the 16th century was primarily caused by an increased money supply
• The discovery of the Americas led to a significant increase in Spain's wealth but also caused inflation.
• Which economic impact of the discovery of the Americas directly affected Seville and Cadiz?

  Increased wealth
• Trade expansion in Spain was stimulated by new goods and markets
• Key strategies of the Spanish mercantilist system

  1️⃣ Accumulation of gold and silver

  2️⃣ Export promotion

  3️⃣ Import restrictions

  4️⃣ Monopolization of colonial trade
• What was the primary goal of the Spanish mercantilist system?

  Increase national wealth
• The Spanish mercantilist system encouraged the export of Spanish goods abroad.
• The Spanish mercantilist system aimed to control trade between Spain and the New World
• Which region in Spain was known for producing wheat during the 15th and 16th centuries?

  Castile
• Agriculture was the most widespread and vital sector for the Spanish population during the Age of Discovery.
• The influx of gold and silver from the New World caused significant inflation
• Which social group in Spain suffered as salaries failed to keep pace with rising prices due to inflation?

  Wage earners