How Infinite Gold Destroyed The Spanish Empire
Автор: History Of Money
Загружено: 2026-01-31
Просмотров: 2
Описание: Spain extracted more gold and silver from the Americas than any empire in history but became one of the poorest economies in Europe as the treasure destroyed local industries, triggered massive inflation, and funded endless wars instead of productive investment. From Pizarro's conquest of Peru to the Potosí silver mines that killed millions to seven sovereign defaults despite unlimited wealth, this video reveals the resource curse through financial history and why extraction without production always ends in economic collapse. Understanding how the richest empire became the weakest shows the brutal mechanics of resource dependency and why ground wealth is not real wealth.
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