Why Was Spain's Wealth Acquired from the New World Considered

question 26

Multiple Choice

Why was Spain's wealth acquired from the New World considered to be a mixed blessing?

• A) Spain was forced to send a large proportion of its population to the New World to help ship gold and silver back to Spain.
• B) The Spanish got wealthy from silver and gold in the New World, but lost most of their army and navy in battles with Native Americans.
• C) Because Spain used the New World only as a source of wealth, it did not consider establishing real settlements there.
• D) Because Spain gained its wealth so quickly, it caused great inflation for ordinary Spaniards.
• E) Most of the wealth ended up in the hands of Portuguese shippers.

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Definitions:

Limited Liability Limited Partnership

A form of partnership that offers limited liability to some partners (limited partners) and allows others (general partners) to operate the partnership with limited liability as well.

General Partners

Individuals in a partnership who are responsible for managing the business and are personally liable for its debts.

Liability

Refers to the state of being legally responsible for something, particularly in reference to debts or legal obligations.

ULPA

A high-efficiency air filter standard known as Ultra Low Particulate Air, capable of removing at least 99.99% of dust, pollen, mold, bacteria, and other airborne particles.