Which of the following analyzes the way the exchange of American silver impacted the economy of Spain?(1 point)ResponsesIt hurt individual traders, since the Spanish government was now in control.It hurt individual traders, since the Spanish government was now in control.It initially was a great source of wealth and then contributed to inflation.It initially was a great source of wealth and then contributed to inflation.American silver caused the Spanish currency to gain more value.American silver caused the Spanish currency to gain more value.It led to the decline of trading empires such as the Songhai.It led to the decline of trading empires such as the Songhai.

Answer 1

It initially was a great source of wealth and then contributed to inflation.