What economic strategies did the Spanish use in their American colonies?

During the Spanish colonial period, the economy was based on exploitation, both of land and of Native American labor. The first Spanish settlers organized the encomienda system by which Spaniards were given title to American land and ownership of the villages on that land.

How did the Spanish colonize America?

Beginning with Columbus in 1492 and continuing for nearly 350 years, Spain conquered and settled most of South America, the Caribbean, and the American Southwest. … Christopher Columbus and his crew arrived in 1492 after sailing the ocean blue in a quest to find a faster trade route to Asia.

How has Spain economically restricted the American colonies?

Following the dictates of an economic philosophy known as mercantilism, aimed at protecting its own manufacturers, Spain restricted trade, prohibited manufacturing, stifled local industry and handicrafts, impeded the growth of towns, and prevented civilians from selling to soldiers.

What was the number one economic activity for the Spanish in the Americas?

The Spanish discovery of silver in huge deposits was the great transformative commodity for the Spanish empire’s economy. Discovered Upper Peru (now Bolivia) at Potosí and in northern Mexico, silver mining became the economic motor of the Spanish empire.

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What areas did Spain colonize in North America?

Cuba and Puerto Rico were exclusively Spanish possessions, but Spain shared Hispaniola with France. The Spanish colony of Santo Domingo (later the Dominican Republic) occupied the eastern two-thirds of that island.

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.

Why was Spain successful in colonizing the Americas?

Spain colonized America because they were searching for gold and silver. They did find a lot of gold and silver when they conquered the Aztec and Inca Empires. … The English colonized North America for several different economic reasons. Basically, they found goods that had a market in Europe.

Which was a major impact of Spanish colonization of the Americas?

The destruction, dismantling, and dispersion of the missionized California Indians was further exacerbated by the genocide, kidnapping, and legalized servitude of Indians by European Americans.

What economic resource was most important for New Spain?

Colonies were encouraged to develop mining, in order to supply Spain with silver and gold, and to develop agricultural activities. In New Mexico, mining was widespread, but ranching was the primary economic activity, with trade secondary.

How did the Spanish colonies make money?

During the Spanish colonial period, the economy was based on exploitation, both of land and of Native American labor. … This system quickly turned into something very close to outright slavery: Native Americans were paid exceedingly low wages—if anything at all—to peform backbreaking labor on plantations and in mines.

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