Seventeenth Century Spanish Economic Crisis
Which of the following resulted from the seventeenth-century decline in the flow of gold and silver from South American colonies to Spain?
ASpain was forced to take out loans and debase its currency to meet financial obligations.
BSpain was forced to invade Portugal to defeat a rival trading empire.
CFrance was forced to invade the Netherlands to defeat a rival trading empire.
DThe Netherlands was forced to take out loans and debase its currency to meet financial obligations.