What Accounted for the Drop of Spain's Importance as a Commercial

question 111

Multiple Choice

What accounted for the drop of Spain's importance as a commercial power in the seventeenth century?

• A)Focus on the South American empire
• B)Overextension as they tried to control the Asian market.
• C)A drop in the output of the silver mines and poverty of the Spanish monarchy
• D)Overthrow of the Bourbon dynasty during the Seven Year's War
• E)Piracy of Spanish galleons by British Man o' War ships.

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Definitions:

High Tariffs

Elevated taxes imposed on imported goods, aimed at protecting domestic industries from foreign competition.

Manufacturing Plants

Facilities where goods are produced in large quantities through the combination of workers, machinery, and processes.

Local Market

A market that exists within a specific geographical area, often characterized by face-to-face transactions and the availability of locally produced goods.

Abdominopelvic Cavity

A body cavity consisting of two connected spaces, the abdominal cavity and the pelvic cavity, housing major organs of digestion, reproduction, and excretion.