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In the words of the OECD's 1987-88 survey of the Spanish economy, "following a protracted period of sluggish growth with slow progress in winding down inflation during the late 1970s and the first half of the 1980s, the Spanish economy has entered a phase of vigorous expansion of output and employment accompanied by a marked slowdown of inflation."
Concurrent with the military and economic issues there was a depopulation in metropolitan Spain. The Spanish decline was a historical process simultaneous to the purpoted [2] general crisis of the 17th century that swept most of Eurasia, but which was especially serious for Spain.
Estimates of the pre-Columbian population of the Americas vary but possibly stood at 100 million—one fifth of humanity in 1492. Between 1500 and 1600 the population of the Americas was halved. In Mexico alone, it has been estimated that the pre-conquest population of around 25 million was reduced within 80 years to about 1.3 million.
The Spanish imperial economy's major global impact was silver mining. The mines in Peru and Mexico were in the hands of a few elite mining entrepreneurs with access to capital and a stomach for the risk that mining entailed. They operated under a system of royal licensing, since the crown held the rights to subsoil wealth.
The Price Revolution, sometimes known as the Spanish Price Revolution, was a series of economic events that occurred between the second half of the 16th century and the first half of the 17th century, and most specifically linked to the high rate of inflation that occurred during this period across Western Europe. Prices rose on average roughly ...
An anachronous map showing areas pertaining to the Spanish Empire at various times over a period exceeding 400 years. Despite the mutual trade exclusion that existed between Spain and Portugal in the early 16th century, Portuguese merchants still acquired goods from the Spanish. This led to a Portuguese dominance on the pepper trade within Europe.
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Spanish miracle: A period of economic growth began. 1973: Spanish miracle: The period ended. 1975: History of Spain (1975–present) 6 November: The Green March forced Spain to hand over its last remaining colonial possession, Spanish Sahara, to Morocco. 20 November: Francisco Franco died; the monarchy was restored to Juan Carlos I of Spain ...