March 31, 2004

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  512 YEARS AGO TODAY

  
  

  

  
  

  Mar 31 1492

  
  

  Ferdinand and Isabel expel all of the Jews from Spain. Even with the infusions of gold and silver arriving during the 16th century from the Americas, this is an act from which Spain never recovers.

  
  

   By expelling their merchant and banking class, Jews and Muslims, the country is left ill-equipped to process the new wealth, which ultimately winds up in the coffers of other countries and squandered on disastrous military campaigns.

  
  

   

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