What was the economy of the Spanish 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.

What was the main economic reason for Spanish colonization?

Motivations for colonization: Spain’s colonization goals were to extract gold and silver from the Americas, to stimulate the Spanish economy and make Spain a more powerful country. Spain also aimed to convert Native Americans to Christianity.

What advantages did the Spanish have in their conquests in the New World?

The advantages that the Spanish had over the Native Americans were 16 horses, some guns and other superior weapons, and alliances with fellow enemies of the Aztec.

How did the Spanish benefit economically from the colonization of the Philippines?

Also, realizing the beneficial outcomes of the galleon trades, the Spanish became the middleman between South China and Mexico. Throughout the colonization of the Philippines, the Spanish benefited economically from the Philippines but hindered the natives socially and through taxation.

What are the positive and negative effects of colonization in the Philippines?

Throughout the colonization of the Philippines, the Spanish benefited economically from the Philippines but hindered the natives socially and through taxation. Ultimately the negatives outweigh the positives because being strong economically is not greater than losing cultural identity and the Church bringing the natives into debt.

Did the Spanish ever gain anything from their colonies?

As far as I know, the only areas where Spanish colonization produced a net gain were the tiny Pacific islands (Guam, Marianas, etc). In the other colonies, the local population died from European disease or were killed off by the Spanish. Such death and destruction could never justify whatever was gained from the Spanish.

What are the negative effects of the Spanish rule in the Philippines?

Some bad effects are: lack of equal rights of the Filipinos. lack of freedom of choosing a religion under the Spanish rule. Some Filipinos acts like they are Americans, rather than love their culture. The spread of the imported products, and foreign companies in Philippines.