SlideShare ist ein Scribd-Unternehmen logo
1 von 9
Unit 2
Major Explorations
Unit (2): Major Explorations Global Context: Orientation in Space and Time.
Exploration : Social Histories and Exchange.
Key Concept: Global Interactions.
Related Concepts : Causality; Significance.
Statement of Inquiry:
Social interactions may result in events
or products of profound significance on
a global level.
ATL Skills:
Communication Skills
Research Skills
Thinking Skills
Asian Trade
‱ Led by Prince Henry, “the Navigator”,
‱ the Portuguese were the first Europeans to explore the
west coast of Africa, to sail around the southern tip of
Africa and finally, the first to reach India.
‱ The Portuguese seized trading ports in India and in the
Spice Islands. They fought the Muslim merchants who
had control of the ports. The prices of Asian goods like
spices and fabrics dropped, and more people in Europe
could afford to buy them.
‱ Not only did Portuguese sailors bring back spices and
goods from the Indian Ocean (cinnamon, pepper,
porcelain, jewels and silk) but they also brought slavery
to their colony of Brazil.
‱ Early Spanish explorations were important because it led to
knowledge of the existence of the Americas and the creation of
colonies in the “New World”.
‱ The Spanish gained great wealth, and crops began to be
exchanged with the “Old World” of Europe. The introduction of
Europeans plants, animals, and diseases in America and the
introduction of American crops into Europe became know as
the Columbian Exchange.
‱ This diffusion of
“Old World” and
“New World” products
changed world history.
‱
The Impact of the Age of Exploration:
Europe
Europe was greatly
impacted by the
Age of Exploration
Overseas colonies
increased the wealth
of European nations
The power of kings
(called nationalism).
This was especially true in
Spain where the influx of
gold turned Spain into one
of the wealthiest & most
powerful nations in Europe.
King Philip II
Mercantilism
Nations developed an economic policy called
mercantilism based upon the idea that national
power comes from a favorable balance of trade.
As a result, colonies are needed to
supply the mother country with cheap
raw materials.
Due to mercantilism, a “triangular trade” developed
between Europe, their overseas colonies, & Africa
‱ (cms/lib/TX01001838/Centricity/Domain/1940/impact%20of%20exploration.ppt, n.d.)
https://www.georgetownisd.org/cms/lib/TX01001838/Centricity/Domain/1940/impact%20of%20exploration.ppt
Video link :
https://youtu.be/wTjgBrlhzRs
The Incredible Age of Discovery Explained in 10 Minutes

Weitere Àhnliche Inhalte

Ähnlich wie I_S-MYP2-Unit2-_Impact_of_Exploration (1).pptx

Tarea sociales en_power_point_ojo_tarea_terminada[1]
Tarea sociales en_power_point_ojo_tarea_terminada[1]Tarea sociales en_power_point_ojo_tarea_terminada[1]
Tarea sociales en_power_point_ojo_tarea_terminada[1]FEDERICO CALDERON
 
1450 1750 overview
1450 1750 overview1450 1750 overview
1450 1750 overviewLisa Terlaje
 
1450 1750 overview
1450 1750 overview1450 1750 overview
1450 1750 overviewLisa Terlaje
 
F:\Ap World History10\1450 1750\Rise Of West\Iberian And Northern Europeans
F:\Ap World History10\1450 1750\Rise Of West\Iberian And Northern EuropeansF:\Ap World History10\1450 1750\Rise Of West\Iberian And Northern Europeans
F:\Ap World History10\1450 1750\Rise Of West\Iberian And Northern Europeansccone
 
AP US History Chapter 1
AP US History Chapter 1AP US History Chapter 1
AP US History Chapter 1bwellington
 
Iberian And Northern Europeans
Iberian And Northern EuropeansIberian And Northern Europeans
Iberian And Northern EuropeansGreg Sill
 
Exploration & Colonization Presentation
Exploration & Colonization PresentationExploration & Colonization Presentation
Exploration & Colonization Presentationesample458
 
AP WORLD HISTORY - Chapter 14: Economic transformations: Commerce and Consequ...
AP WORLD HISTORY - Chapter 14: Economic transformations: Commerce and Consequ...AP WORLD HISTORY - Chapter 14: Economic transformations: Commerce and Consequ...
AP WORLD HISTORY - Chapter 14: Economic transformations: Commerce and Consequ...S Sandoval
 
Lecture outlines mc kayworld10e ch16
Lecture outlines mc kayworld10e ch16Lecture outlines mc kayworld10e ch16
Lecture outlines mc kayworld10e ch16kpetersen2
 
European exploration
European explorationEuropean exploration
European explorationcassiefern13
 
11216 Syllabus overviewPrimary vs secondary sources11416.docx
11216 Syllabus overviewPrimary vs secondary sources11416.docx11216 Syllabus overviewPrimary vs secondary sources11416.docx
11216 Syllabus overviewPrimary vs secondary sources11416.docxhyacinthshackley2629
 
The Global Experience
The Global ExperienceThe Global Experience
The Global Experiencekeiry
 
The Global Expirience
The Global ExpirienceThe Global Expirience
The Global ExpirienceJuliana
 
the global experience
the global experiencethe global experience
the global experienceManuela
 
the global experience
the global experiencethe global experience
the global experienceManuela
 
C:\Fakepath\Trbajo Socialess! 3 Bim! Estefania Suarez
C:\Fakepath\Trbajo Socialess! 3 Bim! Estefania SuarezC:\Fakepath\Trbajo Socialess! 3 Bim! Estefania Suarez
C:\Fakepath\Trbajo Socialess! 3 Bim! Estefania SuarezEstefania
 
'11 ap exploration
'11 ap exploration'11 ap exploration
'11 ap explorationKenan Rajjoub
 

Ähnlich wie I_S-MYP2-Unit2-_Impact_of_Exploration (1).pptx (19)

Tarea sociales en_power_point_ojo_tarea_terminada[1]
Tarea sociales en_power_point_ojo_tarea_terminada[1]Tarea sociales en_power_point_ojo_tarea_terminada[1]
Tarea sociales en_power_point_ojo_tarea_terminada[1]
 
1450 1750 overview
1450 1750 overview1450 1750 overview
1450 1750 overview
 
1450 1750 overview
1450 1750 overview1450 1750 overview
1450 1750 overview
 
Social Studies Ideas Work
Social Studies Ideas WorkSocial Studies Ideas Work
Social Studies Ideas Work
 
F:\Ap World History10\1450 1750\Rise Of West\Iberian And Northern Europeans
F:\Ap World History10\1450 1750\Rise Of West\Iberian And Northern EuropeansF:\Ap World History10\1450 1750\Rise Of West\Iberian And Northern Europeans
F:\Ap World History10\1450 1750\Rise Of West\Iberian And Northern Europeans
 
AP US History Chapter 1
AP US History Chapter 1AP US History Chapter 1
AP US History Chapter 1
 
Iberian And Northern Europeans
Iberian And Northern EuropeansIberian And Northern Europeans
Iberian And Northern Europeans
 
Exploration & Colonization Presentation
Exploration & Colonization PresentationExploration & Colonization Presentation
Exploration & Colonization Presentation
 
AP WORLD HISTORY - Chapter 14: Economic transformations: Commerce and Consequ...
AP WORLD HISTORY - Chapter 14: Economic transformations: Commerce and Consequ...AP WORLD HISTORY - Chapter 14: Economic transformations: Commerce and Consequ...
AP WORLD HISTORY - Chapter 14: Economic transformations: Commerce and Consequ...
 
Lecture outlines mc kayworld10e ch16
Lecture outlines mc kayworld10e ch16Lecture outlines mc kayworld10e ch16
Lecture outlines mc kayworld10e ch16
 
European exploration
European explorationEuropean exploration
European exploration
 
7 1.1 exploration and colonization
7 1.1 exploration and colonization7 1.1 exploration and colonization
7 1.1 exploration and colonization
 
11216 Syllabus overviewPrimary vs secondary sources11416.docx
11216 Syllabus overviewPrimary vs secondary sources11416.docx11216 Syllabus overviewPrimary vs secondary sources11416.docx
11216 Syllabus overviewPrimary vs secondary sources11416.docx
 
The Global Experience
The Global ExperienceThe Global Experience
The Global Experience
 
The Global Expirience
The Global ExpirienceThe Global Expirience
The Global Expirience
 
the global experience
the global experiencethe global experience
the global experience
 
the global experience
the global experiencethe global experience
the global experience
 
C:\Fakepath\Trbajo Socialess! 3 Bim! Estefania Suarez
C:\Fakepath\Trbajo Socialess! 3 Bim! Estefania SuarezC:\Fakepath\Trbajo Socialess! 3 Bim! Estefania Suarez
C:\Fakepath\Trbajo Socialess! 3 Bim! Estefania Suarez
 
'11 ap exploration
'11 ap exploration'11 ap exploration
'11 ap exploration
 

KĂŒrzlich hochgeladen

Dwarka Call Girls 9643097474 Phone Number 24x7 Best Services
Dwarka Call Girls 9643097474 Phone Number 24x7 Best ServicesDwarka Call Girls 9643097474 Phone Number 24x7 Best Services
Dwarka Call Girls 9643097474 Phone Number 24x7 Best Servicesnajka9823
 
ćŠžç†è‹±ć±žć“„äŒŠæŻ”äșšć€§ć­ŠæŻ•äžšèŻæˆç»©ć•|莭äč°ćŠ æ‹żć€§UBCæ–‡ć‡­èŻäčŠ
ćŠžç†è‹±ć±žć“„äŒŠæŻ”äșšć€§ć­ŠæŻ•äžšèŻæˆç»©ć•|莭äč°ćŠ æ‹żć€§UBCæ–‡ć‡­èŻäčŠćŠžç†è‹±ć±žć“„äŒŠæŻ”äșšć€§ć­ŠæŻ•äžšèŻæˆç»©ć•|莭äč°ćŠ æ‹żć€§UBCæ–‡ć‡­èŻäčŠ
ćŠžç†è‹±ć±žć“„äŒŠæŻ”äșšć€§ć­ŠæŻ•äžšèŻæˆç»©ć•|莭äč°ćŠ æ‹żć€§UBCæ–‡ć‡­èŻäčŠzdzoqco
 
Abu Dhabi Sea Beach Visitor Community pp
Abu Dhabi Sea Beach Visitor Community ppAbu Dhabi Sea Beach Visitor Community pp
Abu Dhabi Sea Beach Visitor Community pp202215407
 
Philippines-Native-Chicken.pptx file copy
Philippines-Native-Chicken.pptx file copyPhilippines-Native-Chicken.pptx file copy
Philippines-Native-Chicken.pptx file copyKristineRoseCorrales
 
Limnology and Wetland Management 2023 NaRM.pptx
Limnology and Wetland Management 2023 NaRM.pptxLimnology and Wetland Management 2023 NaRM.pptx
Limnology and Wetland Management 2023 NaRM.pptxTesfahunTesema
 
Along the Lakefront, "Menacing Unknown"s
Along the Lakefront, "Menacing Unknown"sAlong the Lakefront, "Menacing Unknown"s
Along the Lakefront, "Menacing Unknown"syalehistoricalreview
 
Unit 1 - introduction to environmental studies.pdf
Unit 1 - introduction to environmental studies.pdfUnit 1 - introduction to environmental studies.pdf
Unit 1 - introduction to environmental studies.pdfRajjnish1
 
Call Girls Ahmedabad 7397865700 Ridhima Hire Me Full Night
Call Girls Ahmedabad 7397865700 Ridhima Hire Me Full NightCall Girls Ahmedabad 7397865700 Ridhima Hire Me Full Night
Call Girls Ahmedabad 7397865700 Ridhima Hire Me Full Nightssuser7cb4ff
 
Determination of antibacterial activity of various broad spectrum antibiotics...
Determination of antibacterial activity of various broad spectrum antibiotics...Determination of antibacterial activity of various broad spectrum antibiotics...
Determination of antibacterial activity of various broad spectrum antibiotics...Open Access Research Paper
 
earthquake drill seminar for schools.pptx
earthquake drill  seminar for schools.pptxearthquake drill  seminar for schools.pptx
earthquake drill seminar for schools.pptxBfpSiniloanFSLaguna
 
9873940964 High Profile Call Girls Delhi |Defence Colony ( MAYA CHOPRA ) DE...
9873940964 High Profile  Call Girls  Delhi |Defence Colony ( MAYA CHOPRA ) DE...9873940964 High Profile  Call Girls  Delhi |Defence Colony ( MAYA CHOPRA ) DE...
9873940964 High Profile Call Girls Delhi |Defence Colony ( MAYA CHOPRA ) DE...Delhi Escorts
 
Environmental Management System - ISO 14001:2015-
Environmental Management System      - ISO 14001:2015-Environmental Management System      - ISO 14001:2015-
Environmental Management System - ISO 14001:2015-Kawther MEKNI
 
Hi FI Call Girl Ahmedabad 7397865700 Independent Call Girls
Hi FI Call Girl Ahmedabad 7397865700 Independent Call GirlsHi FI Call Girl Ahmedabad 7397865700 Independent Call Girls
Hi FI Call Girl Ahmedabad 7397865700 Independent Call Girlsssuser7cb4ff
 
Call Girls Sarovar Portico Naraina Hotel, New Delhi 9873777170
Call Girls Sarovar Portico Naraina Hotel, New Delhi 9873777170Call Girls Sarovar Portico Naraina Hotel, New Delhi 9873777170
Call Girls Sarovar Portico Naraina Hotel, New Delhi 9873777170simranguptaxx69
 
ćŽŸç‰ˆćźšćˆ¶copyæŸłæŽČè©čć§†æ–Żćș“ć…‹ć€§ć­ŠæŻ•äžšèŻJCUæŻ•äžšèŻæˆç»©ć•ç•™äżĄć­ŠćŽ†èź€èŻäżéšœèŽšé‡
ćŽŸç‰ˆćźšćˆ¶copyæŸłæŽČè©čć§†æ–Żćș“ć…‹ć€§ć­ŠæŻ•äžšèŻJCUæŻ•äžšèŻæˆç»©ć•ç•™äżĄć­ŠćŽ†èź€èŻäżéšœèŽšé‡ćŽŸç‰ˆćźšćˆ¶copyæŸłæŽČè©čć§†æ–Żćș“ć…‹ć€§ć­ŠæŻ•äžšèŻJCUæŻ•äžšèŻæˆç»©ć•ç•™äżĄć­ŠćŽ†èź€èŻäżéšœèŽšé‡
ćŽŸç‰ˆćźšćˆ¶copyæŸłæŽČè©čć§†æ–Żćș“ć…‹ć€§ć­ŠæŻ•äžšèŻJCUæŻ•äžšèŻæˆç»©ć•ç•™äżĄć­ŠćŽ†èź€èŻäżéšœèŽšé‡sehgh15heh
 
EARTH DAY Slide show EARTHDAY.ORG is unwavering in our commitment to end plas...
EARTH DAY Slide show EARTHDAY.ORG is unwavering in our commitment to end plas...EARTH DAY Slide show EARTHDAY.ORG is unwavering in our commitment to end plas...
EARTH DAY Slide show EARTHDAY.ORG is unwavering in our commitment to end plas...Aqsa Yasmin
 

KĂŒrzlich hochgeladen (20)

Dwarka Call Girls 9643097474 Phone Number 24x7 Best Services
Dwarka Call Girls 9643097474 Phone Number 24x7 Best ServicesDwarka Call Girls 9643097474 Phone Number 24x7 Best Services
Dwarka Call Girls 9643097474 Phone Number 24x7 Best Services
 
ćŠžç†è‹±ć±žć“„äŒŠæŻ”äșšć€§ć­ŠæŻ•äžšèŻæˆç»©ć•|莭äč°ćŠ æ‹żć€§UBCæ–‡ć‡­èŻäčŠ
ćŠžç†è‹±ć±žć“„äŒŠæŻ”äșšć€§ć­ŠæŻ•äžšèŻæˆç»©ć•|莭äč°ćŠ æ‹żć€§UBCæ–‡ć‡­èŻäčŠćŠžç†è‹±ć±žć“„äŒŠæŻ”äșšć€§ć­ŠæŻ•äžšèŻæˆç»©ć•|莭äč°ćŠ æ‹żć€§UBCæ–‡ć‡­èŻäčŠ
ćŠžç†è‹±ć±žć“„äŒŠæŻ”äșšć€§ć­ŠæŻ•äžšèŻæˆç»©ć•|莭äč°ćŠ æ‹żć€§UBCæ–‡ć‡­èŻäčŠ
 
young call girls in Janakpuri🔝 9953056974 🔝 escort Service
young call girls in Janakpuri🔝 9953056974 🔝 escort Serviceyoung call girls in Janakpuri🔝 9953056974 🔝 escort Service
young call girls in Janakpuri🔝 9953056974 🔝 escort Service
 
Abu Dhabi Sea Beach Visitor Community pp
Abu Dhabi Sea Beach Visitor Community ppAbu Dhabi Sea Beach Visitor Community pp
Abu Dhabi Sea Beach Visitor Community pp
 
Philippines-Native-Chicken.pptx file copy
Philippines-Native-Chicken.pptx file copyPhilippines-Native-Chicken.pptx file copy
Philippines-Native-Chicken.pptx file copy
 
Limnology and Wetland Management 2023 NaRM.pptx
Limnology and Wetland Management 2023 NaRM.pptxLimnology and Wetland Management 2023 NaRM.pptx
Limnology and Wetland Management 2023 NaRM.pptx
 
Along the Lakefront, "Menacing Unknown"s
Along the Lakefront, "Menacing Unknown"sAlong the Lakefront, "Menacing Unknown"s
Along the Lakefront, "Menacing Unknown"s
 
Unit 1 - introduction to environmental studies.pdf
Unit 1 - introduction to environmental studies.pdfUnit 1 - introduction to environmental studies.pdf
Unit 1 - introduction to environmental studies.pdf
 
Call Girls Ahmedabad 7397865700 Ridhima Hire Me Full Night
Call Girls Ahmedabad 7397865700 Ridhima Hire Me Full NightCall Girls Ahmedabad 7397865700 Ridhima Hire Me Full Night
Call Girls Ahmedabad 7397865700 Ridhima Hire Me Full Night
 
Determination of antibacterial activity of various broad spectrum antibiotics...
Determination of antibacterial activity of various broad spectrum antibiotics...Determination of antibacterial activity of various broad spectrum antibiotics...
Determination of antibacterial activity of various broad spectrum antibiotics...
 
Model Call Girl in Rajiv Chowk Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Rajiv Chowk Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Rajiv Chowk Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Rajiv Chowk Delhi reach out to us at 🔝9953056974🔝
 
earthquake drill seminar for schools.pptx
earthquake drill  seminar for schools.pptxearthquake drill  seminar for schools.pptx
earthquake drill seminar for schools.pptx
 
Sexy Call Girls Patel Nagar New Delhi +918448380779 Call Girls Service in Del...
Sexy Call Girls Patel Nagar New Delhi +918448380779 Call Girls Service in Del...Sexy Call Girls Patel Nagar New Delhi +918448380779 Call Girls Service in Del...
Sexy Call Girls Patel Nagar New Delhi +918448380779 Call Girls Service in Del...
 
Call Girls In R.K. Puram 9953056974 Escorts ServiCe In Delhi Ncr
Call Girls In R.K. Puram 9953056974 Escorts ServiCe In Delhi NcrCall Girls In R.K. Puram 9953056974 Escorts ServiCe In Delhi Ncr
Call Girls In R.K. Puram 9953056974 Escorts ServiCe In Delhi Ncr
 
9873940964 High Profile Call Girls Delhi |Defence Colony ( MAYA CHOPRA ) DE...
9873940964 High Profile  Call Girls  Delhi |Defence Colony ( MAYA CHOPRA ) DE...9873940964 High Profile  Call Girls  Delhi |Defence Colony ( MAYA CHOPRA ) DE...
9873940964 High Profile Call Girls Delhi |Defence Colony ( MAYA CHOPRA ) DE...
 
Environmental Management System - ISO 14001:2015-
Environmental Management System      - ISO 14001:2015-Environmental Management System      - ISO 14001:2015-
Environmental Management System - ISO 14001:2015-
 
Hi FI Call Girl Ahmedabad 7397865700 Independent Call Girls
Hi FI Call Girl Ahmedabad 7397865700 Independent Call GirlsHi FI Call Girl Ahmedabad 7397865700 Independent Call Girls
Hi FI Call Girl Ahmedabad 7397865700 Independent Call Girls
 
Call Girls Sarovar Portico Naraina Hotel, New Delhi 9873777170
Call Girls Sarovar Portico Naraina Hotel, New Delhi 9873777170Call Girls Sarovar Portico Naraina Hotel, New Delhi 9873777170
Call Girls Sarovar Portico Naraina Hotel, New Delhi 9873777170
 
ćŽŸç‰ˆćźšćˆ¶copyæŸłæŽČè©čć§†æ–Żćș“ć…‹ć€§ć­ŠæŻ•äžšèŻJCUæŻ•äžšèŻæˆç»©ć•ç•™äżĄć­ŠćŽ†èź€èŻäżéšœèŽšé‡
ćŽŸç‰ˆćźšćˆ¶copyæŸłæŽČè©čć§†æ–Żćș“ć…‹ć€§ć­ŠæŻ•äžšèŻJCUæŻ•äžšèŻæˆç»©ć•ç•™äżĄć­ŠćŽ†èź€èŻäżéšœèŽšé‡ćŽŸç‰ˆćźšćˆ¶copyæŸłæŽČè©čć§†æ–Żćș“ć…‹ć€§ć­ŠæŻ•äžšèŻJCUæŻ•äžšèŻæˆç»©ć•ç•™äżĄć­ŠćŽ†èź€èŻäżéšœèŽšé‡
ćŽŸç‰ˆćźšćˆ¶copyæŸłæŽČè©čć§†æ–Żćș“ć…‹ć€§ć­ŠæŻ•äžšèŻJCUæŻ•äžšèŻæˆç»©ć•ç•™äżĄć­ŠćŽ†èź€èŻäżéšœèŽšé‡
 
EARTH DAY Slide show EARTHDAY.ORG is unwavering in our commitment to end plas...
EARTH DAY Slide show EARTHDAY.ORG is unwavering in our commitment to end plas...EARTH DAY Slide show EARTHDAY.ORG is unwavering in our commitment to end plas...
EARTH DAY Slide show EARTHDAY.ORG is unwavering in our commitment to end plas...
 

I_S-MYP2-Unit2-_Impact_of_Exploration (1).pptx

  • 2. Unit (2): Major Explorations Global Context: Orientation in Space and Time. Exploration : Social Histories and Exchange. Key Concept: Global Interactions. Related Concepts : Causality; Significance. Statement of Inquiry: Social interactions may result in events or products of profound significance on a global level. ATL Skills: Communication Skills Research Skills Thinking Skills
  • 3. Asian Trade ‱ Led by Prince Henry, “the Navigator”, ‱ the Portuguese were the first Europeans to explore the west coast of Africa, to sail around the southern tip of Africa and finally, the first to reach India. ‱ The Portuguese seized trading ports in India and in the Spice Islands. They fought the Muslim merchants who had control of the ports. The prices of Asian goods like spices and fabrics dropped, and more people in Europe could afford to buy them. ‱ Not only did Portuguese sailors bring back spices and goods from the Indian Ocean (cinnamon, pepper, porcelain, jewels and silk) but they also brought slavery to their colony of Brazil.
  • 4. ‱ Early Spanish explorations were important because it led to knowledge of the existence of the Americas and the creation of colonies in the “New World”. ‱ The Spanish gained great wealth, and crops began to be exchanged with the “Old World” of Europe. The introduction of Europeans plants, animals, and diseases in America and the introduction of American crops into Europe became know as the Columbian Exchange. ‱ This diffusion of “Old World” and “New World” products changed world history. ‱
  • 5. The Impact of the Age of Exploration: Europe
  • 6. Europe was greatly impacted by the Age of Exploration Overseas colonies increased the wealth of European nations The power of kings (called nationalism). This was especially true in Spain where the influx of gold turned Spain into one of the wealthiest & most powerful nations in Europe. King Philip II
  • 7. Mercantilism Nations developed an economic policy called mercantilism based upon the idea that national power comes from a favorable balance of trade. As a result, colonies are needed to supply the mother country with cheap raw materials.
  • 8. Due to mercantilism, a “triangular trade” developed between Europe, their overseas colonies, & Africa

Hinweis der Redaktion

  1. The explorations and conquests of the conquistadors transformed Spain. The Spanish rapidly expanded foreign trade and overseas colonization. For a time, wealth from the Americas made Spain one of the world’s richest and most powerful nations. At the height of Spain’s power it was ruled by Philip II. In the long run, gold and silver from the Americas hurt Spain’s economy. Inflation, or an increase in the supply of money compared to goods, led to higher prices. Monarchs and the wealthy spent their riches wastefully instead of building up Spain’s industries.