American presidential election held on Nov. 7, 1848, in which Whig candidate Zachary Taylor defeated Democratic nominee
Answer:
Until the Spanish established Asuncion in 1537, economic activity in Paraguay was limited to the subsistence agriculture of the Guarani Indians. The Spanish, however, found little of economic interest in their colony, which had no precious metals and no sea coasts. The typical feudal Spanish economic system did not dominate colonial Paraguay
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