Portugal and Economy
Quiz
When did the annexation of Portugal take place?
- 1550
- 1580
- 1600
- 1650
Why did the annexation of Portugal take place?
- Because the people of Portugal preferred to be ruled by Philip II and he was chosen as king.
- Because the king of Portugal died without heirs and Philip II defended his dynastic rights to the crown of Portugal.
With the annexation of Portugal ...
- Philip II only incorporated the territories of the Iberian Peninsula, while the colonies in Africa, Asia and America stayed away from his control.
- Philip II not only incorporated the territories in the Iberian Peninsula, but also the territories in Africa, Asia and America.
What happened with the economy during the kingdom of Charles I and Philip II?
- There was a deflation, which means that the prices decreased because of a lack of demand.
- There was an inflation, which means that the prices increased because of the arrival of gold and silver from America.
What were the consequences of this inflation?
- People couldn't pay the increasing prices and their wealth and standards of living decreased.
- People had more money and were richer