|The colony was created after the fall of the Inca empire.||Peru|
|The first event in Spain’s search for gold.||Cabeza de Vaca traveled the southwestern part of America.|
|After Esteban died, what happened in New Mexico…||Coronado picked up his search for Cibola.|
Where did the Spanish find gold in the New World?
The Spanish worked alluvial gold deposits in the Caribbean, Mexico, and the Andes (especially in New Granada). Spanish settlers located all the main silver-bearing zones of Latin America in the sixteenth century. Some deposits of silver ore had been known to the native cultures.
Why did the Spanish choose to send voyages to the West?
Why did Columbus make more voyages to the West Indies? Spain wanted him to start a colony in the West Indies, he delivered people and animals to the new land, The Spanish wanted the riches of the land. … Moving people and their ways of life between the Eastern and Western Hemispheres.
How much gold did the Spanish take from South America?
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.
How did Spain get rich?
Almost overnight, Spain became very rich taking home unprecedented quantities of gold and silver. These were stolen from the Incas and the mines that the Spanish came to control. The gold was used by the Spanish monarchy to pay off its debts and also to fund its ‘religious’ wars.
What happened when the Spaniards got the gold and silver?
The flow of precious metals made many traders wealthy, both in Spain and abroad. As a result of the discovery of precious metals in Spanish America, Spain’s money supply increased tenfold. The increase in gold and silver on the Iberian market caused high inflation in the 17th century, affecting the Spanish economy.
What were three outcomes of Spanish exploration?
Europeans gained new materials like gold, silver, and jewels. The Europeans enslaved the Native Americans and took most of them back to Europe. The explorers also gained new foods like corn and pineapple. Columbus also discovered tobacco seeds and brought the seeds back to Europe.
Which group was the most powerful in the Spanish colonies?
The Peninsulares had the most power, but were a small group. The Native Americans and African slaves had the least amount of power, but had the largest population.
Why did Spain want gold?
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. Without money Spain was a vulnerable poor country.