By 1550 Spain had dominion over the West Indies and Central America and its large surviving native population. New World mines yielded gold and silver for Spain in far greater amounts than France and Portugal had ever been able to extract from West Africa.
What did the Spanish trade?
At first, everything the Spanish needed in the New World was shipped from Spain. Food, nails, weapons, paper—everything. Before 1600, the encomenderos and other Spaniards paid for all these trade goods with gold and silver, and occasionally, some foodstuffs like chocolate, corn, and potatoes.
What did New Spain export?
Agricultural production was directed to internal markets, while exports consisted mainly of precious metals and animal hides. … However, silver soon became the dominant colonial product, followed by the red dye cochineal, and by the late sixteenth century, silver accounted for 80 percent of all exports from New Spain.
Why did Spanish colonies fail?
Rebellion by brutalized soldiers or starved African slaves ended two colonies. … Attack-by-rival became another cause of failed colonies. The Spanish massacred the French Huguenots near Florida in 1565 and sent spies to Jamestown in 1613 to determine if eradicating the fledgling colony was its best move.
How did Spain lose America?
Spain lost her possessions on the mainland of America with the independence movements of the early 19th century, during the power vacuum of the Peninsula War. … At the end of the century most of the remaining Spanish Empire ( Cuba, Philippines, Puerto Rico and Guam ) was lost in the Spanish American War in 1898.
Who found New Spain?
Francisco Vásquez de Coronado went to Mexico, then called New Spain, in 1535. Between 1540 and 1542, Coronado led Spaniards and native allies on a large exploration of the southwestern United States. He found the Grand Canyon, Colorado River, and other natural wonders.
What was the oldest province that belonged to New Spain?
Less than a decade after the Spanish conquistador (conqueror) Hernan Cortés and his men and indigenous allies defeated the Mexica (Aztecs) at their capital city of Tenochtitlan in 1521, the first viceroyalty, New Spain, was officially created.
Why did Spain start colonizing?
Motivations for colonization: Spain’s colonization goals were to extract gold and silver from the Americas, to stimulate the Spanish economy and make Spain a more powerful country. Spain also aimed to convert Native Americans to Christianity.
What was the richest colony in America?
New data now allow conjectures on the levels of real and nominal incomes in the thirteen American colonies. New England was the poorest region, and the South was the richest.
What country did Spain colonize first?
In 1493, during his second voyage, Columbus founded Isabela, the first permanent Spanish settlement in the New World, on Hispaniola. After finding gold in recoverable quantities nearby, the Spanish quickly overran the island and spread to Puerto Rico in 1508, to Jamaica in 1509, and to Cuba in 1511.