Which of the Following Was a Long-Term Consequence of the Influx

question 14

Multiple Choice

Which of the following was a long-term consequence of the influx of gold and silver from the New World into Spain?

• A) The Spanish government funded domestic social programs that substantially raised the standard of living of the peasant masses.
• B) Rapid inflation led to an unfavorable balance of trade and the collapse of many businesses.
• C) The ready availability of investment capital at low interest rates led to the expansion and modernization of Spanish industries.
• D) The Spanish government became complacent and failed to defend the nation's interests against the aggressive Dutch and English.

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Definitions:

Entertains

To hold the attention of an audience by amusing or engaging them, often used in the context of performance arts or media.

Validates

Confirms or supports something as true, valuable, or worthwhile.

Persuasive

Having the power to convince or influence others towards a certain viewpoint or action through logical reasoning, emotional appeal, or other techniques.

Goodwill

The positive reputation and intangible asset of a business, derived from customer perception, relationships, and loyalty.