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GuDViN [60]
3 years ago
15

How did Spain make money from its colonies

History
2 answers:
ruslelena [56]3 years ago
6 0

Answer:

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.

Explanation:

Hope that helps:)

brainlest plz

DENIUS [597]3 years ago
4 0

Answer:

By 1600, Spain had reaped substantial monetary benefits from New World resources. Gold and silver began to connect European nations through trade, and the Spanish money supply ballooned, which signified the beginning of the economic system known as capitalism.Explanation:

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