Question

Descendants of the original conquistadores sought to protect their privileges against immigrant newcomers and those born in the latin american colonies.

Answer 1

Descendants of the original conquistadores sought to protect their privileges against immigrant newcomers and those born in the latin American colonies are known as: Peninsulares
The term Peninsulares is used to describe the people which is Spanish born and decided to move out and lived in the new world (the countries that started the industrial revolution)