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Period: Jan 20, 1550 to
Spain gets silver and gold
In 1600, America sends 339,000 pounds of gold. Between 1550-1650, Spain receives 16,000 tons of silver. With this wealth, Philip could support a standing army of 50,000 soldiers -
Jan 20, 1555
Charles unwillingly agrees to Peace of Augsburg
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Jan 20, 1556
Charles V's son Philip II inherits Spain, Spanish Netherlands, and American colonies
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Jan 20, 1580
King of Portugal, Philip II seized Portugal
he now had an empire that circled the globe