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The Golden Age of Spain, 1474–1598

The changing nature and extent of financial resources, 1474–1598

  • 3 things to know
  • Paper 3

Overview

Recall questions on the fiscal burden on Castile, the juros, the alcabala, the Netherlands as asset then drain, and dependence on foreign bankers.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Key term

What convoy system protected Spanish treasure fleets from the Americas?

Key term

What were juros?

Key term

What was the main sales tax burdening Castile?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    Which South American mine was Spain's greatest source of silver?

    Model answer

    Potosí.

  2. 2

    What was the main sales tax burdening Castile?

    Model answer

    The alcabala.

  3. 3

    What convoy system protected Spanish treasure fleets from the Americas?

    Model answer

    The flota (fleet) system.

  4. 4

    What New World import above all funded Spanish power?

    Model answer

    Silver bullion.

  5. 5

    How did Spanish kings repeatedly deal with unpayable debts?

    Model answer

    By declaring royal bankruptcy.

  6. 6

    Why was Castile so important to royal finance?

    Model answer

    It bore by far the heaviest taxation, since Aragon's fueros restricted what could be levied there, so Castile paid for an empire the whole monarchy enjoyed.

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