Hello everybody! How is it going? I'm going to write my first journal of the year.
Today in Social Sciences we've been talking about the economy and the price revolution. Paqui has told us that the arrival of precious metals (which came from the Indies) provoked a huge inflation because prices increased so much. That was because there was not enough production to satisfy the demand. Many products were imported from Europe and the wealth of the Indies wasn't used to develop a productive economy. We also know that the Indies were a Castilian Monopoly. The Aragonese economy couldn't take advantage of the Empire.
Then we've started another scheme about the conquest, organization and explotation of the Indies. Before starting it, we've read page 95 on our books and then Paqui has allowed us time to copy the information to our summaries while she was checking Pablo and Debora's journals. Most of us haven't got time to finish it in class so we're going to finish it at home. We have to add to our summary:
-The conquest of the Indies and its stages.
-The administration and its institutions.
-The colonization and explotation.
-The colonial society.
Paqui has given us the demographic impact of the colonization of the Indies, which means that the indigenous people of the Indies died because European people trasmitted them illnesses from the Indies.
We have also seen some Castilian conquistadors from the Modern Era like: Hernando Cortés, Francisco Pizarro, Juan Ponce de León and Alvar Nuñez Cabeza de Vaca (who has inexplicably made us laugh such a lot).
We've added some new words to our glossary:
-Default: suspensión de pagos, quiebra
And finally, Paqui has shown us some products which came from the Americas: