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The old piece of eight was valued at 10 reales of the new silver coin. The new 8-real coin was known as peso sencillo, the old piece of eight as peso fuerte. Foreign exchange was quoted in pesos de cambio, based on the old piece of eight, which continued to be produced in America. After this, the monetary systems of Spain and of Spanish America ...
1565: Spanish slaughter French 'heretics' at Fort Caroline. 1565: Spanish found Saint Augustine, Florida. (Mission Nombre de Dios) 1566–1587: Spanish in South Carolina (Charlesfort-Santa Elena site). 1568: Dutch revolt against Spain begins. The economic model developed in the Netherlands would define colonial policies in the next two centuries.
A major drive of the Spanish colonization of the Americas during the late 15th and 16th centuries was the discovery, production, and trading of precious metals at a time when there was a severe shortage of them. The Spanish, along with other European nations, likewise had a great desire for Chinese goods such as silk and porcelain. [13]
A major event in early Spanish colonization, which had so far yielded paltry returns, was the Spanish conquest of the Aztec Empire (1519–1521). It was led by Hernán Cortés and made possible by securing indigenous alliances with the Aztecs' enemies, mobilizing thousands of warriors against the Aztecs for their own political reasons.
Religious zeal played a large role in Spanish and Portuguese overseas activities. While the Pope himself was a political power to be heeded (as evidenced by his authority to decree whole continents open to colonization by particular kings), the Church also sent missionaries to convert the indigenous peoples of other continents to the Catholic faith.
This settlement predates the foundation of St. Augustine by six years, marking an important yet often overlooked moment in the history of Spanish colonization. Archaeological evidence from the University of West Florida has confirmed the presence of Luna's expedition, which included 1,500 people and lasted from 1559 to 1561. The artifacts ...
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 ...
While initially a crop of the Indian subcontinent, the cultivation of sugar in the New World had significant effects on Spanish society. New World sugar cultivation added to the growing power of the Spanish and Portuguese economies while also increasing the popularity of slave labor (which had severe impacts on African, American, and European societies).