An offer of half as much would have been adequate. Spain not only needed the money but also would have been glad to have divested itself of the cost of administering the island. Because of Spanish mismanagement of the island's economy, Cuba never generated enough treasure to offset its costs. Still, the Spanish not only refused the offer, but also responded with an indignant reply. Apparently, the Spanish government feared that their opposition would cast acceptance of the American offer as treason. Also, they feared that other European powers would interpret it as a sign of weakness.