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Another goal was to more efficiently extract raw materials from Spanish America and create a captive Spanish American market for Spanish goods. The Bourbons, with the help of administrator José Patiño , implemented several new strategies aimed at streamlining the production and importation of Spanish American goods to Spain. [ 25 ]
While initially a crop of the Indian subcontinent, the cultivation of sugar in the New World had significant effects on Spanish society. New World sugar cultivation added to the growing power of the Spanish and Portuguese economies while also increasing the popularity of slave labor (which had severe impacts on African, American, and European societies).
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP.
A 17th-century Dutch map of the Americas Indigenous Mexican depiction of smallpox, one of the diseases that devastated populations with no resistance. The Spanish empire and the Portuguese empire ruled much of the New World from the early sixteenth century until the early nineteenth, when Spanish America and Brazil gained their independence ...
11. Thurn and Taxis Mail. The private company operated postal service back in the 1800s and enjoyed a monopoly on postal services. The company's dominance came to an end after Prussian victory ...
They conquered the Inca, Aztec, and Maya peoples and incorporated their territories into the Spanish Empire. Other Europeans similarly affected the peoples of North America as well. An equally important consequence of the commercial revolution was the Columbian Exchange. Plants and animals moved throughout the world due to human movements.
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires.
On this day in economic and financial history... On Feb. 6, 1924, Chevron first joined the Dow Jones Industrial Average . Chevron was then known as Standard Oil of California, and its accession to ...