Between 1500 and 1650, the Spanish imported 181 tons of gold and 16,000 tons of silver from the New World. In today’s money, that much gold would be worth nearly $4 billion, and the silver would be worth over $7 billion.
Did the Spanish find gold in the New World?
By 1550 Spain had dominion over the West Indies and Central America and its large surviving native population. New World mines yielded gold and silver for Spain in far greater amounts than France and Portugal had ever been able to extract from West Africa.
How much gold did the Spanish lose?
In 1665 the debts of the Spanish crown were 30 million pesos short-term and 300 million long-term. Most of the New World production was silver but Colombia produced mostly gold.
The flow of Spanish treasure.
Did the Aztecs have lots of gold?
The Aztecs certainly had lots of gold, but nowhere near as much as the conquistadors believed. … The conventional wisdom was that pre-Columbian tribes worked only gold, copper and platinum found in their native state (i.e. almost pure, and not requiring any smelting).
Did Aztecs value gold?
The Aztecs valued using gold for plates, ornaments, medals, and other decorations. … They loaded themselves with treasure and quietly trudged their way out until Aztec warriors caught them and descended upon the Spaniards and their allies.
Why did Spain desperately need that much gold from the Americas?
Because Spain had almost no industry they had to buy goods from other country’s. And because gold was used to make coins Spain desperately needed it. Spain also needed to pay for it’s protection against other country’s.
In what island that the Spaniards found the first signs of gold?
The gold and cinnamon that arrived in Madrid in 1566 as evidence of the Philippines’ wealth came from the first trade exchanges between the Spaniards of the Legazpi expedition and the King of Butuan, a region in the northeast of the island of Mindanao.