What two materials were the spanish economy based largely on?

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2026-03-26 00:40

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The Spanish economy in the early modern period was largely based on agriculture and mining. Agriculture, particularly the cultivation of crops like wheat, olives, and grapes, was essential for sustenance and trade. Additionally, the discovery of vast silver mines in the Americas, especially in places like Potosí, significantly boosted Spain's wealth and facilitated extensive trade networks. These two sectors played a crucial role in shaping Spain's economic power during its imperial era.

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