The Spanish Empire, Silver, & Runaway Inflation: Crash Course World History

The video explores the global impact of Spain's influence from the 16th century, focusing on the Aztec and Inca empires, the role of human sacrifice, and the extensive silver trade. It highlights how Spanish conquests and silver mining shaped global economies, leading to inflation and economic shifts in Europe and China. The narrative connects historical events to modern life, questioning the worth of sacrifices made for progress.

What was the primary reason for the Aztec priests to perform human sacrifices?

• To celebrate victories in battle

• To demonstrate power over conquered people

• To appease the gods and prevent disasters

• To increase the population

Which system did the Inca use to organize labor for public works?

• Feudalism

• Mita

• Caste

• Guild

What was the main reason the Spanish used indigenous labor in South American mines?

• Indigenous labor was cheaper

• Indigenous people were more skilled

• African slaves were unavailable

• Indigenous people volunteered

What was a significant economic consequence of the silver influx in Spain?

• Economic stability

• Decrease in trade

• Inflation

• Deflation

How did the discovery of silver in the Americas indirectly contribute to the arts in England?

• It inspired English playwrights to write about silver mining

• It contributed to the wealth and national pride that supported the arts

• It led to the creation of plays about Spanish history

• It funded the construction of theaters

Why did China switch from using paper money to silver coins?

• Paper money was too expensive to produce

• Silver coins were easier to transport

• Silver was more abundant in China

• Inflation issues with paper money

What was a major effect of the silver trade on the Chinese economy?

• Inflation and economic strain

• Decrease in silk production

• Increased agricultural production

• Economic stability

What was the primary reason for the Spanish crown's financial difficulties despite the silver influx?

• Poor agricultural output

• Lack of trade partners

• Excessive spending on wars

• High taxation rates

Which two empires were significantly impacted by the Spanish search for precious metals?

• Mongol and Ottoman

• Aztec and Inca

• Roman and Greek

• Mayan and Olmec

What was a long-term consequence of the Spanish silver trade?

• Decrease in European colonization

• End of the Inca Empire

• Creation of a global market

• Strengthening of the Spanish Empire