How did the influx of New World silver affect the Spanish economy in the 16th and 17th centuries? Select all that apply.


It contributed to serious inflation that spread from Spain to the rest of Europe.


The Spanish monarchs insisted on donating the silver to Catholic religious houses.


The increased wealth of the Spanish government meant costly Crusades could never undermine the royal treasury.


The Spanish were careful never to allow the silver to disrupt their national economy.