Once Spain had its mountain of gold in their newly conquered territories, what would their best course of action be? Their actual policies left much to be desired, obviously.
Ideally, we should look at this from the point of view of what was within the economic worldviews of 16th century people, though there are quite a few options within that range.
Ideally, we should look at this from the point of view of what was within the economic worldviews of 16th century people, though there are quite a few options within that range.